Torque converter gives you a broader "gear" range. These clutches were more popular when you couldn't get a tav2 on eBay for 50 bucks.
They aren't popular because the setup uses an "inside out" clutch, where the sprocket is connected to the guts, and the Bell is connected to the shaft. The sprag bearing would be the toughest bit to source, especially if you don't have the resources to do any machine work. The parts are quite expensive, and by the time you've spent all the money on the parts, you probably could have bought an genuine comet brand torque converter.
They are neat though, I'll give you that. I rode a minibike with one, and it's much more exciting than a torque converter one second gear actually grabs. But I wouldn't say it's really any faster.