Not really bad and not that overpriced for a 16 HP SC from the FF sherry barrel. However, the HP character can only be recognized with a lot of goodwill. A very dirty sherry barrel with a slight sulfur note. The sherry comes across as sweet and very caramel, but covers everything else. In particular, the fine, spicy smoke note in the finish, which is characteristic of HP, almost completely disappears under the dirt. The alcohol is also not optimally integrated. All of this is not really bad and some will like it, but it is more reminiscent of a dirty Springbank or Benromach than an HP.
Edit: That's amazing: A few weeks after opening the whisky has visibly changed for the better: The sulfur note has almost completely disappeared and the delicate smoke is now clearly visible. The sherry also looks much cleaner this way. I have to revise my rating upwards.