It was the low-end member of the Amiga range for a while, so I suppose it was "the worst Amiga model that you can buy" new at that time. The same could have been said of the A500, A500+, A1200, etc. at other times.
But certainly a decent machine. The worst Amiga in terms of capabilities would be the A1000. In terms of price/performance, I would propose the A2000: an extra thousand or two dollars (compared to A500) basically just for a few card slots.