At work we bought a batch of these about 12years ago or so. We bought the HP8648D version.
I assume the aim was to buy lots of sig gens at a low price because the company was expanding at a scary rate back then and test gear was in demand across the whole company as we took on loads of staff.
The performance limitations of the HP8648D were soon apparent and these generators were eventually seen as a last resort if a sig gen was needed for wideband amplifier testing or critical receiver testing. This was mainly because of the high noise floor when operating at power levels around -10dBm to -20dBm. Although the spec sheet implies they have good noise performance the wideband noise floor performance is markedly worse than most signal generators at these drive levels.
Whilst this might not be an issue for some users it was enough to cause a significant problem for anyone doing wideband and low spurious testing at my place of work. eg if you had a wideband amplifier that took in a drive level of -15dBm typical then the HP8648D would add lots of wideband noise and this was enough to mask spurious signals from the amplifier on typical spectrum analyser settings for something like a 500MHz span. Make a change to something like a Marconi 2024 or even a little Marconi 2022 and the problem went away.
However, I did like the user interface of the HP8648D a lot. I liked the two rotary controls. One for frequency and one for amplitude. This is a rare feature and could be very useful at times. Also, the interface is dead easy to use and the display is bright and clear if a little basic.
The internal modulation oscillator is very basic and limited in settings although you can apply external modulation.
Getting back to noise issues, the frequency plan for this sig gen is one of low cost and this means that the phase noise is quite poor across most of the range of the generator. i.e. the phase noise profile at 10MHz carrier freq won't be much different to that when tuned to 1GHz. This is because of the basic mixer system it uses to synthesise frequencies across most of its range.
By comparison, many other generators use division to get lower frequencies and so the phase noise profile tends to improve by 6dB with every halving of the carrier frequency.
The next/newer model up from the HP8648D is probably the HP/Agilent E443x range. These will cost more (used) today and will be bigger/heavier but the RF performance will be a bit better and the modulation options are markedly better. The phase noise won't be significantly better though although the E443x range don't suffer the same issue in terms of wideband noise floor although they are still noisy compared to the next class up.
As an example, if a ham/hobbyist used a HP8648D to critically test a decent HF/VHF receiver for various rejection or blocking tests then the poor noise performance of the HP8648D would dominate the test results making them meaningless. The E443x range of generators aren't that much better in this respect. But both the HP8648 and E443x will be very good for accurate testing of sensitivity and signal meter calibration. The HP8648D would be OK for doing modulation testing and the E443x range would excel here.
If you aren't bothered by wideband noise issues then the HP8648D is a nice, basic sig gen and they appear quite reliable. So if you are not interested in doing critical receiver or low level spurious tests then the HP8648D is a decent generator that is nice to use and is fairly light and portable compared to the usual competitors.