I've had three Buck 65 albums prior to this and they're all radically different.

Vertex is an early, beat sampling pretty much straight hip hop album.
Talkin' Honky Blues is a lot subtler and cleverer and featured proper acoustic instruments and is a wholly more mature album. It's a fantastic album and is what got me into Buck and I still listen to it loads.
Secret House Against the World is a crazy eclectic amalgamation of American roots music, hip hop and whatever Buck felt like at the time. It hit was very hit and miss.

Situation I was excited yet fairly apprehensive about. Would it be classic Honky Blues type stuff or a bit too far left-field like Secret House...?

I can safely say it fits in right next to Honky Blues. It has the same kind of production & stready style. It doesn't take hold immediately and drifts by far too easily. However, repeated listens reveal some really good tunes. There's nothing on here that hits the highs that Honky hit, or even as emotional either but half of Situation are really great tracks.

1957 is an early high point with it's irresistable beat and typical Buck style catchy chorus of; "Like kshhhhh/no joke/hit the low note/we all go to heavan in a little row boat". Shutter Buggin' is my personal favourite at the moment. It really annoyed me the first couple of times bit it definitely has it's charm; "Flashy flash/watch the birdie/trashy trash/wash the dirty". Ho Boys, Way Back When, Mr Nobody and Benz are all standouts.
The rest of the tracks aren't bad by any means, they're just not quite as memorable as the ones I've mentioned.

I won't officially say Situation is a poor man's Talkin' Honky Blues because that would be selling it way short. It's a very good and incredibly enjoyable album; it just doesn't hit those highs that it probably should do.
Those into Buck already, you won't be disappointed, it`s a quality effort, and those who haven't heard anything by him better check out Talkin' Honky Blues first.