It has adjustable string spacing. That's an objective benefit. So I suppose it's better in that respect. Although it's far from the best way to have adjustable spacing. Those grooves don't hold the string in place as well as other bridges.
It's better but I wouldn't go buy a new bridge over that. If you want you can get those saddles for your present bridge.
That's what I do with the Fender bridges. I get the threaded barrel saddles only from All-Parts. Much cheaper than buying an entire Fender bridge.
One thing about those Fender bridges is the saddle screws are nice and chunky. Big screws + thin plate = toan. (my theory).
If you want threaded saddles, here you go. Guitar Parts Factory - Bass Saddles Upper right hand corner of this page. Half the cost of a complete bridge. That said, there are several nice aftermarket bridges out these days that won't break the bank. fender five screw bass bridge - Google Search I've got J basses with threaded saddle bridges, BA II bridges, Schaller lockers with top load option, and Babicz, and they are all good bits of kit.