I haven't used ALG/Nastran, but I have used the Nastran translator from Algor. I have run a FEMPRO-built model (Algor's pre- and post-processor) through NEiNastran and MSC Nastran. It has been about 2-1/2 years since I did this, but the results were comparable on all three platforms. The model wasn't terribly complex, but it was a little more than a flat plate. It was a beam-plate model with some non-rectangular geometry.
As for the "Nastran" term in ALG/Nastran, it raises the question of what "Nastran" really is anymore. MSC is clearly based on the original NASA code. Cosmic Nastran, may it rest in peace, would likely also be considered the "true" Nastran based on the NASA code with nearly 40 years of development. Are newer codes still using the 1970 solver? If not, are they really Nastran? If they are, is it still efficient? If they're not, does the "Nastran" label allow them some illegitimate confidence?
I'm not a developer, so smarter people than I will have to respond, but I think the term "Nastran" is over-rated and I hope engineers are validating the software and their use of it. If utilized properly, NEiNastran, Algor, and others, I'm sure, are excellent software packages. They all have their bugs that must be worked out.
My 2 cents