I was thinking about the exact same thing just yesterday after I solved in 5 seconds with LBL. I solve the 3x3 in about 30 seconds, so I was thinking that if I can get that fast, the LBL couldn't be that bad on a 2x2. If you don't have time to learn Ortega before a competition, LBL is a good alternative.
There are a lot of PLL skips, but the bad thing is that if you only get one during a competition then it doesn't help your average at all.