I confess, I used an old strikemaster auger WITH an ice bit to drill holes for a deck. It actually worked great until, like mentioned above, you hit roots or rock. I can’t compare it to an actual earth auger as I’ve never used one but it was way faster then using a post digger! I was going to replace the chipper blades regardless and the auger had no issues the following ice season with new blades.
I’d have never done that thou if I had only one auger or if it was a nice auger. this was my back-up ice auger.