Google is getting VERY good at catching spun content so you'd better be talented at manual spins. If they DO catch you, of course they'll spank you... and hard. So anything you use spun content on is inherently AT RISK. Worse yet... Google gets better at finding spun/poor content every year. So in the longrun you're screwed. I'd weight your other options and see if you couldn't find a cheaper source for manually hand written content.
The simple fact of the matter is that, as an Internet marketer, you need something better than artificial link building and pages of useless, jumbled nonsense to get long-lasting traffic referrals from major search engines such as Google, Bing and Yahoo. Google in particular pays special attention to your visitors' behavior. So if visitors are quickly navigating elsewhere because your site is full of junk content, then you will get fewer traffic referrals from Google over the long run.
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