In theory at least, a split AC unit has the opportunity to provide a better thermal efficiency. The technical specifications for the SPA-3000 on the website tell us it consumes 1.76A (404W) and can produce 895W of cooling performance. That's a CoP of just 2.2 which is actually slightly disappointing for a split system, but better than nothing. It wont have the ice cold blast you might experience from an AC in a car.
Because half the product is physically mounted outside it should be quieter inside the caravan than an equivalent combi unit. Ideally from the caravanners perspective the Compressor should be in the external part to decouple it from the habitation space, but that choice is down to the designer.
According to the advertised figures the unit has a noise level of 53dB, which is the equivalent to a quiet conversation, or the noise of an office. I guess this relates to the noise level inside the caravan, But there's no figure quoted for the external unit, which might be an annoyance to neighbours.
Incidentally, with a little ingenuity regarding mounting, I suspect the unit could be adapted to work at home through a window opening. It might be enough for a single room in hot weather.
You should also look at
Cool my Camper which offers a similar system, and there seems to be a longer umbilical available which might allow better mounting options