If it is processed as RA4 then it sounds as if a colour safelight is needed or do it in the dark. You may have such a light or like some others find processing in the dark quite straightforward. I have a DUKA 10 sodium light which is fine for RA4 but without it I'd find RA4 inconvenient to say the least.
The problem with normal B&W paper and colour neg is that it doesn't faithfully translate the colour neg tones into B&W. Presumably Portra overcomes this drawback so that would be an advantage.
You couldn't use it for toning either as its RA4 paper. Presumably it really comes into its own for photogs at say weddings who shoot colour neg exclusively but wish to convert some negs into B&W as faithfully as poss. Same goes for any kind of photog who shoots exclusively colour but occasionally sees a scene that cries out for a B&W print.
I've heard it referenced but I think it went out a while ago. It's variable contrast but requires a color head. It doesn't use normal VC filters. You also want to use it in the dark.
Perkeleellinen. I'd be especially interested in your findings of a colour neg rendition as a B&W print with this stuff. It's a good while since I visited Nova. Last time there I don't recall a clearance basket. Pity I haven't been over, I'd have been tempted to buy it myself.
From memory the clearance bin had a pack of 25 Ilfochromes (large size), an even bigger pack of Ilford paper, lots of Tetenal paper around 3"x4" and a couple of darkroom books.