Benefits of the "Fire Hose* grip?

[CactusSam]

Ok, so a friend of mine and I have gotten into a little debate about "which grip is better" when shooting your AR. I'm a proponent of the "fire hose" grip where the support hand is extended out well beyond the mag well and the thumb basically wraps over the top rail near the front sight post. I feel like this allows a more stable platform, especially when engaging multiple targets rapidly or single targets rapid fire.

I also happened to find this awesome, but old, video from Jerry Miculek (just in case anybody has the same argument with friends).

Any other feedback from you guys?

www.youtube.com/watch?v=kSJw58FAEnM