[glenjamin]

A failure mode of ULIDs and similar is that they're too random to be easily compared or recognized by eye.

This is especially useful when you're using them for customer or user IDs - being able to easily spot your important or troublesome customers in logs is very helpful

Personally I'd go with a ULID-like scheme similar to the one in the OP - but I'd aim to use the smallest number of bits I could get away with, and pick a compact encoding scheme