On the whole as long as it has BPS accreditation that is what is critical.
However, looking beyond the surface, the suitability will depend on what you want to do after the conversion course and what your current circumstances are. That component, while important, is only a small part of portfolio of experience and qualification for doing anything further in psychology. It's quite telling that a lot of people do conversion courses but don't really plan the other bits (as with psychology degrees), so are dismayed to find how hard it is coming out the other side.
For instance, if you are are already working as a school teacher and are looking to pivot to Ed Psych, then an online conversion course is a good call. You can keep working with kids earn money, take advantage of opportunities to gather SENCO experience or make links to Ed Psych via liasion work. The advantages you get attending a residential red brick uni and related prestige is far less impactful than the above stuff.
On the other hand if you were looking at an academic psychology career, where prestige, building a network, research collaboration and publication is critical to give you a huge advantage, then attending online is going to put you at a disadvantage to your peers.
Without knowing you and your circumstances, I would be suspicious of anyone coming on here and trying to sell you their course or advising you what to do. This place can be a bit of an advertising trap, with people pushing various universities and to me it is starting to feel a bit shady.