i have used such a thing to power low-current stuff like fuzz / gain - like 20mA, an order of magnitude less than a hungry DSP pedal. but even a hungry device should be fine, just be aware of the total draw of all connected devices and best keep it under 1A or so.
the issues i’ve had with that setup are more about noise. the 5v can be a little gunky and carry some bleed from clocks, etc, so may be problematic for powering a gain circuit depending on your tolerance. (no different from most laptop USB jacks in this respect - e.g. i just experienced dealbreaking noise coming outta a moog when it was also acting as a USB midi controller.)
haven’t compared different brands, the thing i have is cheap and generic, maybe there are fancier solutions that perform better power filtering.