EDIT: I've used this bag for over a year, and it looks basically new. Has held up incredibly well. It will also hold at least 22 discs in the main compartment and you can stuff another 10 or so in the side bags and putter pocket if you're going out to do some field work. Super happy with the bag. I have tried more premium bags like the Grip EQ and they're better, but I'm not sure they are twice as good which is where they're priced.
I do not have a lot to compare this to because I'm a beginner and was using the 8-10 discs bag from dyamic discs, the cadet. I've got 16 discs in the main compartment and theres room for at least 5 more discs, the bag is well built. It feels heavy in hand but not on my back. There's plenty of padding and it's very comfortable as a backpack. It sits on the ground pretty well as long as you don't put it on a serious incline. I haven't tested the waterproof zippers, but they look just like the waterproof zippers that are on my gortex jacket and I expect they'd work pretty well. The bag is built with some overlap of material that would further aide waterproofing. From what I've seen in the store and on the course, this bag is really good for the money, although I still don't understand why a fancy backpack cost $100. Unfortunately, the bag has not improved my score.