I've used a lot of keyboard nubbies over the years. The first one (c1995), the button was like a joystick and down by the spacebar. That one sucked. The next units were Toshiba Tecra series laptops with the nubby between the g/h/b keys. For the last 8 years, I've only used Thinkpad T series laptops. Both the Tecra and Thinkpad nubbies were quite good for the purpose.
One trick with pointer nubbies is that you really need to turn up the mouse pointer movement sensitivity to maximum. You'll overshoot on movement for the first week, but then your index finger will thank you because you need less effort to hit a target. Again, the purpose of the nubby is not to replace the mouse, but to let you do 90% of point-and-click operations (clicking buttons, positioning the cursor, basic drag-n-drop) without taking your hands off the home row.
If you're not a touch-typist, you won't see the benefit of a pointer nubby. If you do a *lot* of copy/paste or complex mouse operations, then a regular external mouse is better.
My current work unit is a Thinkpad T540p -- on that one, I dislike it, not because of the nubby, but because there are no physical left/middle/right mouse buttons. They got subsumed into the touchpad click surface. Fortunately, for the T450 and T550 series, they have brought back the physical button below the spacebar.