The Northstar M1 ruled the sky from 1988-1991. I loved that box. It was very user friendly.
Although they sometimes acted up when you changed grids, or there was a lot of precip or moisture. Thus, it was VFR only.
However, I can't make a strong argument for keeping LORAN. The FAA worked on making it IFR, including approaches, but GPS came on too quick, and is far superior.