Better than Mahogany IMO
Considering how tough it is to get good quality honduran mahogany these days, sapele is my new choice. In some regards it looks better and works just as nicely. And it's less money. One of my latest projects was a sideboard made from this wood and I think it came out great. Sapele is also favorable to work with, so I'll be using it more and more in the future.
Familiarity: I've used it in a LOT of projects