My brother's experience was with a 12 gpm
Paloma (~$1500, then) that I installed for him in the very early 90's. He'd been reading New Shelter mag and every new gizmo offered the promise of being either 'more green' or 'more economical'. One thing he'd hoped to remedy was a 3-4 minute wait for HW after chasing and pre-warming 45' of 3/4" copper pipe. Without heat conducting/convecting to preheat the first several feet of outlet pipe there was no noticeable change. Temp regulation was acceptable, and the 'two-showers-at' once was never fully tested, nor was NRG cost/time ever evaluated. Much happier as a user (performance) than as a buyer (better somehow for $$?), he replaced with a NG conventional.
Recent dissatisfied new home buyer wanted daughters to girlie-up for school, and volume/flow was his expressed primary concern. Both gas and elec have flow meters to regulate the heating unit's output, but these aren't continuously variable as one might assume and typically have 'stepped' responses to flow. Intersting to me that he'd notice a temp issue with lav faucets apparently triggering step adjustments that surprised anyone showering, but that got him rattled within weeks of moving in. Again, plenty of HW, just not as consistent as the 'digital' promise. We're liable only for our installation quality, and the builder and HW maker can shuffle about the product fulfilling its good intentions.
We've seen recirculating setups like Gary's often

thumbsup:, btw) in homes
as well as hotel/apt setups. The usual 'return' connection to a tank is thru the boiler 'drain' loc, and home-brew jobs are often thermo-siphon (meh) vs the more consistent circulating pump that would also be used with a WH for boiler heat in a cabin or addition. Wrapping pipes is key to keep NRG costs down but, if I didn't mention it elsewhere .. thermal loss from a WH in the
heating season theoretically supplants the furnace vs being totally wasted as one would assume.
I'm happy with a NG 40gal conventional, but like others locally with highly-calcified water there's a particular urgency to regularly drain sediment to prolong efficiency and WH life, a task as easily overlooked as scheduled checks of a bladder supply tank's air charge to prevent rupture. btw: I've looked into de-calcifying systems. They are plumbed in and have regen cycles like softeners but do not soften. Their 'matrix' affects crystal structure and re-crystalized clumps are supposed to modify others attached to downstream pipes/fixtures/WHs to be flushed out to drain or septic. Shows promise despite cost to 'try out', but YMMV as usual with varying water quality & minerality. Haven't seen one in use yet, so looking for customer reviews vs just promotional info. :2cents:
IMO, propane or NG conventionals are best appreciated during power outages, as mentioned above, and of course not many generators will operate a full-sized electric. btw: my brother had a point of use (small, elec for ease of inst, seller's installer vs us) instant-on added to his upstairs bath and we both agree
that is where these babies really shine. :dance1: