The 120 Hz panel and 16 GB of RAM make this a pretty interesting alternative, especially at that discounted price. I also like that it comes with more storage, since that can make a noticeable difference for a laptop intended for everyday multimedia use.
For me, the main things I'd want to compare before choosing would be battery life, display quality, fan noise, and overall build quality. Price and specs look attractive on paper, but those details can make a big difference for a portable laptop.