This is not a power phone, it is a basic version of what could be a power phone [running android 4.1.2].
You can think of it like the operating systems for desktop PCs that has varying flavours ranging from a basic to home to professional and to ultimate. This falls under basic with the advanced features stripped off. The phone encryption has been stripped off amongst other things perhaps to compensate for the low performance specification of the hardware basically as a means to boost functionality speed. In order words, if encryption feature was left active then phone would become slow as it has to decrypt on the fly.
It works well with minor/passable periodical lags usually when hanging up a call. Its inbuilt storage is sufficient for tons of updates and adding lots of utility software [Note: I stated utility and not games]. I have not stated games because it does not have the best display for games. The screen is small and lacking in crisp detail. This is basically not a phone designed with gaming in mind, it is a phone that was designed to function and serve the purpose dedicatedly as a phone.
The phone is light small enough to be swallowed in palm of someone with large hands which could also be an inconvenience trying to type with large thumbs on a very little screen. So if you have large hands, I would suggest avoiding this phone if you can help it.
The audio is crisp and clear through direct phone calls [excluding the microphone of some headsets]
The battery last only a day, that means requires a daily charge, purchasing a spare battery and battery charger could ease that inconvenience.
Being a user of previous LG phones [perhaps their basic range of phones] I can say, do not expect software upgrades/updates. As this phone comes with android 4.1, do not expect an upgrade to android 4.2 or higher. LG rarely release upgrades, they are more likely to appeal the purchase of their newer phones than release an upgrade. In other words, you are stuck with what you get till the phone wears off.
Overall, this is a phone that simply works if you need a phone. If you need more out of a phone, you might find better luck looking to a higher model or a different brand.