I too use the NG and it works great for me to, and has for the past 3 years or so.
(Although to be honest, I prefer to clean my vinyl first with my DD brushes, and just vacuum the records dry with the NG, as opposed to letting the machine both clean and dry the record.)
And yes, they are loud, but so is the VPI, although the Loricraft is much quieter.
And like Rgordonpf, if I had the spare cash, I would get the loricraft, but at $2K, I usually find other things to spend my money on, like vinyl, or other audio components, food, my kid, or my wife. (And yeah, in pretty much in that order!)
I think that Theo has stated it correctly, that the VPI is a bit more convenient to use, as you can clean the record right on the RCM platter, instead of having to find an uncluttered table to use to clean the record on, before putting it on the NG. (For a couple of hundred dollars, I can clear a table off, and spend that money on more vinyl.)