I spent some time looking into this as it's frequently mentioned at my local BKA meetings. It's one of the more "organic" treatments, but of course that doesn't mean it's cuddly and green and harmless. It's very poisonous to humans, not to mention bees themselves, and has to be measured out and applied with great care.
It has some advantages: it does kill a lot of mites, and it should be possible to avoid damage to adult bees if used very carefully. It's unlikely to kill off the queen, and apparently doesn't cause too much distress. It doesn't leave too much in the way of residues either, at least not when compared with "synthetic" treatments, and very tiny amounts may occur naturally in honey, so it's not totally alien to the environment. Having said that, I personally wouldn't touch it with a bargepole for the following reasons:
Firstly, it's an outrageous sledgehammer-to-crack-a-nut! It really is dangerous to humans, not just Health and Safety Executive, nanny-state -type "hazardous", but quite capable of causing death and severe skin damage even from a small portion of one bottle of hive treatment. Why bother with it??
Secondly, it can only really be used on a cluster of adult bees as it doesn't kill varroa in brood cells, so if you're in a mild part of the country there's a possibility that you'll still be carrying some varroa into spring in brood cells unless you do several intrusive treatments. Plus, a trickle treatment is hard to control in terms of the amount that each bee gets, so some overdosing of individual bees is likely. Not nice for the bees.
Thirdly, it's a real faff, what with face masks, gloves, keeping the unused acid secure, getting the dose just right, filling syringes etc. Having poisons around the place is always a responsibility. Bore.
If I really felt that the winter cluster of bees was in trouble and needed varroa treatment before spring, I might be tempted to use lactic acid, which has much of the advantage of oxalic acid and reduced disadvantages. Measured doses can be sprayed on and it appears to be less unpleasant all round. Still a hazardous chemical though, very nasty for the bees, and not something I'd undertake lightly.
Of course, the other argument might be that varroa is also nasty for the bees, and what's more can be spread from your bees to other peoples'. I suppose it's up to individual choice in the end.