I have had that exact preamp for many, many years and it performs very well. As other have said, you need to know when to amplify, when to leave the signal alone, and when to attenuate. That's exactly the reason I bought that particular preamp years ago - it can attenuate as well as amplify, and because of the different range settings. In general, a better antenna is a better investment than an amp. However, a better antennas AND an amp can be a great combination, just as long as you don't amplify when it's not needed. Knowing when to amplify is, like everything else in radio, trial and error.
I'm not sorry I bought mine and I do use it frequently.
Best regards - David