It is faster than most 16' boats, and handles very well with a full load when properly trimmed. I have the royalex version, which is very light and tough, making portages relatively easy while standing up well to rocks and other abuse.
Obviously, there are specialty boats that are better for specific pursuits and conditions, but for an all around, general purpose boat that you can safely and comfortably use for camping, cruising, river running, and fishing under a wide range of conditions, the Penobscot 16 is worth serious consideration.
This is a truly superior kayak in every way I know to measure. The handling is superb, and I have never felt that a rudder or skeg is needed. It has taken some real punishment over the last few years, but has needed no repairs. It is fast, stable, a joy to paddle, and it holds more gear than I ever need on multi-day trips.
You really can't go wrong with this boat
The QCC 500 is a fabulous boat, one that I doubt I'll ever outgrow. I can't wait for the weather to improve and get her out again in bigger water.
After my youngest went off to college, I got this to replace an Old Towne Guide, which I don't enjoy loading and unloading solo. At about 30 lbs., the pack is a breeze to handle by myself.
Buying this boat is a no-brainer if you need a light-weight all-purpose boat. I give it a 9 because a 10 is ideal for everything, and no boat is.