Slip vs threaded fittings

If you want to be able to take your gate valve apart you can get a unioned gate valve the unions are built right in and it's slip. Threaded valves blow they always eventually leek same with threaded bulkheads. The reason I put this valve in was to be able to service my return pump plus I had it sitting around.
 
I've never seen that coupling before. What makes it a better alternative to unions?

As mentioned, they allow for adjustment in length, and also have a lower profile.

IME, they are less tolerant to torque on the plumbing (but we all have our plumbing well supported, right? ;) )
 
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