I tested the PM500 against my Tacx Neo 2T a while ago and posted the results on Reddit and wanted to post the results here as well but had trouble logging in. Anyway, now that I've managed to log in, here are the results.
I installed a Geoid PM500 on my gravel bike thinking (hoping) it would offer the performance of the now discontinued Magene P505 at a lower price as the Magene is well proven and I'm happy with mine on my road bike.
However, I have not seen much testing of the PM500, so I decided to do a quick and dirty test of mine against my Tacx Neo 2T by comparing the two fit files using compare-the-watts.com
Results (with 2 seconds offset and 1second smoothing):
Overall

Some low power steps in ERG mode (the slope is the Neo 2T not adjusting resistance fast enough to compensate for me raising the cadence)

Higher power steps in ERG mode

1st 1000+ watt effort in free ride mode

2nd 1000+ watt effort in free ride mode

3rd 1000+ watt effort in free ride mode

Observations regarding the PM500:
- Tracks the Neo 2T pretty well overall.
- No fumble after 1000+ watt efforts (seems to be the pitfall of many power meters tested by Mr. Lama, including the latest crop of affordable models, unfortunately).
- Seems to be more responsive to sudden power increases (always felt the Neo 2T felt "smoothed" compared to my P505 ridden outside).
- Several drops in cadence can be seen, but I don't know if it's some sort of glitch, connection issue or the meter picking up drops in my not very smooth pedaling (linked to previous point?), but there doesn't seem to be any corresponding drops in power, weird.
- There is a drop in power between the 28th and 30th seconds in the 3rd 1000+ watt effort, but no cadence drop, again, weird (linked with the 2 previous points?).
I'm happy with the results, it's close enough to the Neo 2T and doesn't exhibit offset problems after higher power efforts.
Installation is very straightforward, just like a Shimano crank, simpler than the Magene PES P505.
The most negative point about this power meter (and other Magene spider power meters) is the crank interface, I wish it were Easton compatible.
I hope this post was of interest to those shopping for affordable power meters