I am quite pleased with my experience using my Lloyds voucher today. Booked 2x one way tickets in CW from HKG-LHR on the A380 for 39000 Avios + £30.70 each (gotta love HK law on fuel surcharges!)
I actually find the Lloyds voucher more useful than the Amex 241 these days given the high Avios price of CW round trips + the high taxes and fees and the generally lower priced cash tickets available from QR etc. With the 241 I feel like I need to spend a lot more Avios to get the maximum value where as I can mix the Lloyds voucher with a cheap VS PE redemption using the VS credit card upgrade and save my increasingly limited Avios stash for another day.