I bought a Velez Adventure Light about 12 years ago and gone out in it, in all sorts of weather conditions...for mid range day walks (about 8 to 15 miles walks, mostly in White or Dark Peak).
I’ve found it comfortable in all but hot summer’s days...and prefer keeping it on for all walk, to faff of taking off/ putting on a conventional waterproof shell as weather changes.
Would it be my preferred “solution” for multi-day back packing??
No...but that’s not the type of walking I do!