It looks superb(even better since I switched to the PC and installed FOOK, which gives it an own texture), offers decent protection, can sustain a bit of damage before falling apart, and the +15 rad resistance are enough to get to 85% when using Rad-X. So no Radiation suit needed at any time, which is a good thing.
I also like Graham's Armor for being extremely light(doesn't take a lot of a beating, though) and offering a crit bonus, I use that for LR, and the Sierra Madre Armor, reinforced.
When on the Strip I usually wear a set of Formal Wear, and put Cass into Vera's Dress.