It does seem to be a foot that his better for sewing clothes or small quilted items such as place mats & pot holders. The real issue I had was at the corners. I recently pieced a rectangular runner but curved the corners after quilting. I'm going to see if the binding foot (I have vintage and modern ones) is able to handle the double-fold bias tape if it doesn't have to go around corners.
Someone made a youtube video showing how they deal with corners when using the binding foot - I haven't tried it, as it involves hand-stitching.