Depends on the reasoning effort, see https://deepswe.datacurve.ai (add Luna via model selection drop down, if it's not shown by default)

Smaller models are great if you are doing targeted changes in existing codebases. Don’t expect to use it for creating complex architecture from scratch or do major refactors. The larger the context, the greater the drop off will be.

According to the link I mentioned above it's roughly as good as GPT-5.4. Haven't tried it in practice yet.

I bet it must be better in some contexts and worse in others.