Do homeowners NEED to replace Federal Pacific Electric Stab-Lok circuit breaker panels?

Many of my contractor friends swear by Square D breaker panels. They have been around a long time.

20 years ago I lived in a small starter home that had a Sylvania panel. I wanted to add a heat pump and my electrician buddy came to make sure my panel had enough capacity. When he saw the panel he said: “This has got to be replaced!”. He installed a Square D. That’s all most guys around here use.