Personally, I use it mainly to store videos in 720p. I can see the Xperia Z2 simultaneously from a tablet and Galaxy S4 smartphone, without the slightest lag during playback.
I only note two caveats. The first relates to the write speeds, frankly mediocre both via USB and via WIFI. The second concerns the slot for the SD card: the removal of the card is a delicate operation on my copy.
Too bad, because this play function of SD cards (for multimedia content: photos and videos) is just a good idea. With more interesting options than just a memory expansion ... for example, review the photos that a friend has stored on an SD card. Only the rather laborious removing SD cards is quite unacceptable ...