You've made the worst deal ever.
Barter 70 for pack rat? I wouldn't really call that the worst deal.
Can be damned useful for someone who would prefer to make the game harder by going with fewer, or simply without followers.
And later on, the big-gun ammo.. .even just the .50 cal ammo gets pretty damned heavy. Unfortunately it doesn't even help with missiles, at 3lbs/per
Given, my char with a Str of 7 is hardly a wimp, but Pack Rat (and strong back if you have the END) go a long way to mitigating a low strength
One thing I tend to do with the game is, for looting purposes.. is compare the weight/value balance
If it's 1 lb of weight.. I generally try to make sure value is no less than 20 caps. And overall I work to keep that balance of cost. Most bang for the buck you could say.