If you were exclusively brewing 2.5 gallon batches and wanted to go as KISS as possible, would you recommend this system or induction with a cooler? In the past six months I've converted my equipment to small batches but still use propane. I'm ready for the final switch to indoors but stuck between these two electrical options.
I think KISS is going to mean different things for different folks. Me, I'd go with a Brau Supply system over a cooler and induction. I like the simplicity of heating up water and adding grain without the complication of figuring out additional heat loss in the cooler MT, possibly missing my temp and having to adjust. I also like having the alarms and appropriate amounts of automation in the Brau Supply controller. For me, those alarms, and other automagic things like adjusting output when nearing a boil and starting timers when temps are hit, help keep it simple.
For others, they don't want to attach hoses and clean a pump. But this isn't something I view as any trouble at all.
But I agree with @wilserbrewer, there are even more basic options than the two you listed. How about a 5 gallon kettle boiled on the stove top, and just slip it into a warm oven to hold mash temp? I've done lots of 6 gallon batches that way!