If they're meant for CRT readouts, the speed of the lens would be very advantageous, those screens can be pretty dim. But these obviously weren't meant to be shot at f/1.2 or at infinity focus. I also thought that maybe the thing is intended to go on bellows, the mount reminds me of the bellows-Nikkor macro. Now with bellows, obviously, there is bellows factor to consider, so you usually want as fast a lens as possible, to begin with.
Given its intended purpose, I would guess (guess) that the bokeh and colour rendition will be noticeably inferior to other fast primes. But who knows, it might be an interesting lens for portraiture.
Ian is right- nice loupe! Also I think some of these somewhat inferior fast primes find a second life on APS digital, where VF brightness can be a problem and the performance away from the center isn't so important. The normal Nikkor 50/1.2, for example, is soso on film, but on digital it's a nifty fast portrait lens.