Aside from the ever-popular "Musical Snuffbox," recordings of the piano music of Lyadov are rather rare. I sought this recording out specifically because I wanted a recording of the "Ballade: From Olden Times," which I am attempting to transcribe for performance on the carillon. I knew the piece already from recordings of orchestrated versions. Some of the pieces on this recording are hard indeed to find, and the principal value of this recording is the repertoire itself. The playing is capable enough, though the recorded sound is, to my ear, a bit clunky. How much is due to the piano involved and how much is due to the technical matters of the recording itself I couldn't say, but the sound didn't have the brightness or resonance of the other Lyadov piano recording Amazon carries (Hyperion label). Regarding the performance of the Ballade itself, I personally didn't care for the performer's decision to play the "central" theme (in 5/4 time, over descending scale figures in the bass) in a free, virtuosic manner. To me, that puts too much emphasis on the scale figuration, detracting from the actual melody above. There is enough playfulness built into the 5/4 time that I think that section would benefit from a more straightforward rendition. Elsewhere, the performer's interpretive sensitivity works well.
If you're looking for a sonically sumptuous recording of Lyadov's music, this isn't it. Buy the Hyperion recording instead. If you are looking for a recording of a particular piece that you can't find elsewhere, that's a good enough reason to buy it. Lyadov's music doesn't usually stand out as having a unique (flavor) setting it apart from the work of other late romantic composers, though some of his music is intended to represent stories from Russian folklore. It is attractive music, though, and it stands up to comparison with many of the compositions of Chopin, Brahms, and others of the period.