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Pro Remote is convenient
You'll be able to switch between different inputs from a distance. A remote control is included and allows convenient input switching.
Pro Will automatically switch to the active input device
You don't have to manually set which input is active each and every time. The switch will automatically display the active input source.
Pro Accepts 5 input sources
You'll be able to connect 5 input devices at the same time. The 501BN has 5 HDMI input ports which should support a wide range of TVs, computer monitors, media players, gaming consoles, and many more.
Con 1080p max resolution
You won't be able to properly run 4k content with this switch. Full HD 1080p is the maximum resolution supported.