I've patterned Fiocchi's low recoil 00 load (12LE00BK, 1150 FPS), as well as their standard velocity 00 load (12HV00BK, 1325 FPS). Both pattern approximately as well as other major manufacturer's standard production (as opposed to 'premium') buckshot loads. IOW, about like Federal VitalShock or Remington Express. Both are good quality as would be expected from a major US manufacturer, and their prices are usually very good as well. I wasn't disappointed with it, for what it is.
Thing is, there's no buffering (grex) in the Fiocchi loads, and that does seem to help protect pellets better in the loads which use it. Apparently the company believes their harder lead alloy and nickel plating make up for that, and it very well might. They do use a one piece plastic wad/shot cup, which will help protect the pellets on firing and on their trip down the bore. And they're star crimped, another thing that seems to me to contribute to better patterns. While they are relatively inexpensive, the Fiocchi loads outperform the 'low priced spread' buckshot (S&B, Rio Royal etc) by a good bit as far as patterns go. The least expensive loads usually offer soft lead pellets with little or no protection on firing, and thus tend to yield the widest patterns in my experience.
The Fiocchi 12LE00BK load is the softest recoiling 00 load I have tried so far, and I wouldn't hesitate to suggest it for defensive use to anyone who was recoil shy. However, I would not use this load at any more than in-house distances, as I have less confidence in the ability of reduced recoil buckshot to get the job done at longer range based on reports from the field. The Fiocchi 12HV00BK load is IMHO the equivalent in performance to the standard velocity loads (1325 FPS muzzle velocity) from any other major manufacturer, and the price is usually less, which is a consideration in purchasing case lots.
I have not tested penetration of either load.
hth,
lpl
ETA: None of the above will likely pattern as well as the premium loads from various companies which feature hard lead alloy plated pellets, cushioned in grex, and loaded with the relatively new FliteControl wads. These loads work best out of CYL or ImpCyl barrels as a rule.