I don't know (yet) how good it is at ALPR, but I
dumped the config XML in my earlier post, and its contents show that it was definitely intended to be an ALPR cam.
I'm guessing that some company thought they were going to make it big selling ALPR services to 10,000 different cities, and commissioned a bazillion of these from Vigilant, then went bankrupt and got liquidated at auction. But that's just a guess.
I use the camera for ALPR and I think it works way better than expected. Here is an example from this morning, I have the $35 camera pointing north, and an actual ALPR pointing south, so the images are of the front plate (south facing) at around 140ft and rear plate (north facing) at around 90ft.
Actual ALPR camera:
$35 camera:
The $35 camera doesn't seem to do much image processing, and this is evident during dusk where the light tends to wash everything out. I was thinking about building an external luminosity sensor to trigger automation to set the exposure values to decrease brightness and max out contrast and saturation, and essentially use it as a bracket setting (when full spectrum light level is between X and Y, set camera values to Z).
Adafruit TSL2591 High Dynamic Range Digital Light Sensor and a ESP32 would be all that's needed.
Here is the daytime performance, same 2 cameras, same vehicle, same time. It's not bad for ALPR work.

For comparison, the bigger brother of the $35 camera is the $800 PTZ. This thing is a monster. I know ppl say don't use PTZ for this, but I needed something to capture plates at a distance, and this thing delivers. At around 50% IR power, it can capture this at around 300-325ft.
Anyway, if you are using these cameras as general purpose cameras, I think they are ok--nothing special, and image quality is worse than $150 Reolink, but the 10x zoom gets you closer.