I'm a long time Elixir customer. In 2020, I had bought a Yamaha AC5M guitar and tried different versions of Elixir with different tunings. None of them really worked out. I measured the string heights and it seemed perfect, but the tension always felt too much. I was about to take the guitar to a luthier. Then, I decided to try Santa Cruz Parabolic Low Tension as a last resort. It worked. Especially the wounded strings have noticably lower tension. The first and second strings feel like regular 10s - 11s.
I don't know if it will last as long as Elixirs, but the guitar feels just right.
In terms of sound and feel, they are just like an uncoated string. I must admit that it's been a long time since I have last heard that finger squeak. I can't say that I like it, especially on an electrified acoustic, but you get used to it.