Seedsigner as a wallet?

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It's a hardware wallet that is diy.

And is it reliable?

I have never used 1. I imagine they are perfectly capable of signing a transaction. Reliability shouldn't be a worry with proper backups.

I believe so yes.

Backups in what way? Talking about seeds?

Yes seed words.

Correct, it is a stateless signing device, so it doesn't hold keys when it's not on (this is a security choice by design) , meaning you have to give it your keys each time you want to use it (either type them in or use a qr code you can create via their software). Also great for generating seeds in a completely offline way.