Lots of questions, thanks for being interested. I'm a 911 dispatcher, so I have some experience on channel, but nothing really outside of work. I don't really have the bug for amateur radio licensing, basically just to talk to another buddy on backwoods hikes.
Another reason, and I'm kind of embarrassed to admit it, is to just turn the thing on when I'm on the highway and listen. I love talking to people, and I know there are all kinds on those channels, but still. I'd stick to a basic two-way set if it wasn't for that.
Honestly no particular reason for it, I found it rated pretty highly online and it seems familiar like a belt radio the units carry.
I'm not going to be the radio police here, but I'll only make suggestions that are legal.
If you want talk to your buddy on hikes, you might investigate MURS radio. No license is required, but there are FCC restrictions on the specific radios you can use. Decent range for hiking purposes, too as they're 2 watts on VHF channels.
Another choice is FRS (Family Radio Service.) These are the bubble pack radios you see in stores everywhere. For the FRS channels, no license is required, but it's limited to 1/2 watt. Not bad for hiking, but only good for well less than a mile, generally.
Most bubble pack radios are also GMRS (General Mobile Radio Service) capable. Higher power is allowed, but some of the FRS channels are off limits. There are also some GMRS only channels. FCC license ($65 for 5 years) is required, but you can go up to 5 watts portable and 50 watts mobile and base. Repeaters are allowed on the 8 upper channels, but most of the bubble pack radios can't access them. The bubble pack radios only do 2 watts or less on GMRS settings. There's lots of manufacturer's hype on the packages, especially exaggerated distance claims. Realistically, depending on terrain, they're good for a mile or two for average use.
Dollar wise, the bubble pack radios on FRS are your best deal. Depending on the model and features, you can usually get a real decent pair of them for under $100, much less if you shop for a bargain somewhere. (I'm partial to the Motorola ones. I have three FRS only radios that are 20 years old, and they all work just as well today as the day I got them.) If you want to use the bubble pack radios on GMRS, there's just the addition of the license fee and a few minor operational rules to follow like IDing every so often. Other GMRS specific portables can have full power (5 watts) but they'll run about $100 and up.
If you just want to listen to stuff on the highway and elsewhere, get a scanner. They scan much faster than HT's, and depending on the model you select, they'll handle all kinds of radio systems like P25, trunking, etc. And, they're capable of receiving a much wider range of frequencies and radio services.