The clue point of similarity is that it works just by comparing two tracks acoustically, not by comparison with a database entry. Musicbrainz IDs are no longer updated, they were replaced by Picard IDs (PUID). Both cover only part of released material. If you are not in mainstream you may get matches for only a a minor fraction of your candidates (I get typically less than 10%). Additionally, the problem of different instances of the same recording (with differing quality) isn't adressed at all.