Atom,
I don't know if you mean that one in particular or that type in general. I only experienced my 51 Schwinn example of the style and can't say that I really liked it much. I think it is another one of those things where the original design was for a pedal bike and might have been OK for that, but once we put motors on them and go faster we have kind of gone beyond what they were designed for.
Monarch style is supposed to be better, but I've never had one. I have used several different ones designed for mopeds, a Whizzer and light motorcycles and can say that they really do work. It is one reason I like to use moped and light motorcycle parts on builds when I can. They were designed to go 40 mph or more, so we aren't pushing those parts beyond their intent. I've noticed that even Worksman drum brakes are designed for a pedal application and not going at speed. The wheels are great, but the brakes are disappointing. Much better to use good moped drums laced into a Worksman or other wheels. My opinion for what it's worth... not a lot!
SB