I think a gps unit with the chip has it's place, but is not a stand-alone system.
For marking waypoints, paths and such, they are great, nothing better IMO.
With regards to private boundaries, just be aware that there are some areas in certain counties here in Colorado that don't contain any landowner info. Also in some of the areas I hunt with mining claims, it's not so accurate. I suspect the info is only as accurate as the county they get the GIS info from and most have the statement that their data is not survey grade accurate.
If the boundaries are corners or 1/4 corners or divisions thereof, it's a great tool.
To me, the Onxmaps chip is totally worth it's cost. However, I don't solely rely on just a GPS with a chip, I also carry a good map and coordinate scale/protractor.