I'd say if you have the need and the coin for the Brady, then that’s great.
I use a Dymo LP300, which prints 1/4”, 1/2” and 3/4” wide labels. The 1/4”are great for data ports and labeling switch and receptacle plates.
The 1/2” is what I use most for labeling J-box covers, panels, disconnects and just general labeling. The tape cartridges aren’t too expensive and come in lots of colors, but I primarily use yellow, white, silver/chrome and clear.
For labeling wires and terminal strips, I just use the pads of Ideal cloth backed sticky labels.
I also still have one of the old Dymo/Esselte 1570 embosser type labelers. It still seems to be the most durable for long term labeling under some conditions.
