DS4 Flash absolutely kicks ass for reverse engineering and bug hunting. Almost no point in considering paying for a bigger model, although it's possible the stuff I've fed it (wide variety of older DOS/Windows stuff and device firmwares) might be easier targets.
I've been reverse engineering LEON3-FT SPARC v8 BE code, so I wouldn't say it's common :D. When attached to Ghidra through a MCP the things you can do with this are simply crazy.