This would be a fine pan if you use an electric stove. With a gas stove, you run the risk of the gas flame's reaching beyond the edges of the encapsulated bottom and heating the single ply SS directly. That would cause scorching of the food in the pan.
This also may not be an issue, just something to be aware of. It depends on the size of the encapsulated bottom and the diameter of the flame on high.
"If you want to make an apple pie from scratch, you must first create the universe." -Carl Sagan