This is clearly way better than even the best of AP1 and AP2 combined!
I would expect it to be better than AP1, but it's too soon to really say what it's strengths and weaknesses are.
When AP1 was initially capable of lane-steering I took it on a long road trip from Seattle to all the way down to Pismo beach, and back to Seattle. My experiences during that trip were largely positive where I was really impressed with what it could do.
But, do I use AP today? No.
As time went on I discovered things I didn't like about it, and that it wasn't worth bothering with except for times where I needed to use it for a few moment.
These are some of the things I hated.
There are car placement issues in the lane
There are truck lust incidents
There is the occasional "oh, hey an exit. Lets take it!"
There are the rare times where it's boneheadly stupid
With all those things being said it's never jerked me anywhere. It's more of a "where the hell are you going???" moment than a jerk. The jerk is when I take control back. That part could use a little refinement. I think it's easier to refine in the cadillac since it doesn't rely on a torque sensor. As soon as you bring your hands to the steering wheel it can turn off. Maybe Tesla can implement a squeeze to take over or something. I'm not sure as the whole L2 was supposed to be a temporary point.
I'm still pretty happy overall with AP1. I use TACC all the time, and in fact If I had to choose between a GF and TACC I might just choose TACC.