The thing about a switchbox that changes both antennas and radios is that there is a possibility of one radio getting back into another radio connected to the switch. That can lead to desinsitizing and other problems. It works, but there's always that possibility of a problem.
I have no idea if this particular switch grounds the unused antennas, but that's probably likely, and a good thing in general. I sort of doubt if there's enough loss in it to make any practical difference, but that's another one of 'those' possibilities. If the antennas on the switch are for the same general range of frequencies there will always be some losses, which really has nothing to do with the switch particularly. You'll have the same losses anyway, if the two simular antennas are within 'reasonable' distance of each other. And in general (meaning there are always exceptions) those losses don't amount to much.
All of which is sort of beside the point. The point being, if you have need of such a switching arrangement, then use it. If not, then while it may be a 'nice' thing to have, I'd rather have the money to spend on something else.
- 'Doc
PS - MFJ isn't exactly the 'best' quality stuff around. But, it doesn't cost as much as the 'quality' stuff does either.