I have to admit that I detest knitting at large gauges. The heaviest yarn I enjoy using is worsted weight (true worsted at 5 spi), beyond that I find that I tire faster and tired fingers = uneven stitches. Still, for all of that I also have to admit that stuff knit at huge gauges goes incredibly quickly. I only get to knit about an hour each evening, and can knock out an entire skein’s worth of progress in that short time:
It’s a good thing that this yarn is inexpensive – doubly so for me because I got it dirt cheap at an odd lot retailer. Knitting would be a very expensive hobby if I favored working at this gauge with good materials.
Chalk up another benefit for lace knitting. It’s got the most cost effective bang-for-the-buck. Twenty dollars worth of lace yarn can keep me amused for a couple of months. Twenty dollars of bulky weight might make a hat and a half and be totally consumed in one night.