The electric tankless water heaters will reduce flow in order to maintain temperature. So what happens is that the water drops to a drizzle once another hot water fixture is opened. The GPM ratings for electric ones suck and should be limited to handwashing.
This guy will be sorry once he buys it.
I have not found that to be true with mine, a Tempra 12. AFAIK it continues to heat at the maximum, the water continues to flow, but the temperature rise of the water is reduced and may not hit the set temperature. It is true that you must research the GPM ratings though.
In my setup it is strictly for the master bathroom, which is on the other side of the house. I also have the water heater on a switch so I can leave it turned off. (I understand that using the breaker isn't good practice, so I upgraded to the switch when I built my new house.)
It takes a 60A breaker, and has no effect on any other electrical equipment when it comes on. I have a UPS protecting a TV in the other room which would sound an alarm when the voltage drops too. My service is 200 amp. I can't imagine a homeowner with just a 70 amp main even thinking about tankless though.
You really do have to plan things out for the electric tankless heaters. I too would agree that a whole house would probably be much better served with a gas tankless one, but for me that wasn't a real option. If you must have electric you could either do things like I did or else put smaller ones in the bathrooms and by the kitchen sink.