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It's better to spend your 16k to buy best horse + equipment or weapon and armor.
So it comes down to wether you like this kind of game mechanic in a RPG or not. Myself, I like stuff like that from time to time, gather the herbs you need (skill up Herbalism) and then brew a few potions and a few extra to sell and gain even more money you can't spent on anything at some point except maybe new maintenance kits :-).
Espacially certain potions like Nighthawk, Saviour Schnapps and Lazarus or Merigold, can be handy if you have enough on you or on horse, because these potions do cost a fair amount of groschen and you can't always buy enough at a time.
Alchemy can be a bit tedious till you reach level 10 though, at level 10 you can pick the "Autobrew" perk which helps a lot.
The potions themselves are quite handy, but in 1.3.4 (last I played) I found no real need to use them aside from the occasional Marigold potion (mostly because I had a tendency to fall off steep inclines exploring). Perhaps later on they become more useful, or the combat changes in later patches might make them more viable now.
Also, 16,000 groshen is beggar's change ;)
Some of the best equipment will cost much more than that.
I've yet to actually find any equipment above 4-5k in price, and a single Cuman encounter easily nets me 2-4k groschen from loot sale by using the millers, weapon & armorsmiths with whom I've 90+ reputation with combined with speech perks, such as Final Deal.
That said, I find potions extremely useful. Many of them gives 50% less damage taken, 50% more damage or raising str/warfare by 5 points without any drawbacks.
From a gameplay perspective, those are amazing boosts to my already OP Henry!
As people have said, you only need to level up to level 10 to get Autobrew which lets you skip the alchemy minigame. Find out where to find your fav potion materials (there is a garden for everything, normally near a town. I go to two which provides me enough for about 12 saves and enough mats for 12 of most other potions).
On Alchemy, the best thing to do is to collect a LARGE amount of herbs as you level and find spots for the harder to find ones where you can harvest them regularly. I find alchemy to be a huge benefit in the long run because you've got so many avenues you can take with it.
If you do plan on doing alchemy you'll really need to grind out to get AutoBrew which is a huge benefit as you only have to craft each potion once and then you can autobrew it as long as you have the ingredients, and there's another perk which makes more of each potion you autobrew. So you'll be getting 2-3 pots for the price of one.
Overall I don't worry about the money when it comes to Alchemy as I have somewhere in the range of 145k groschen right now from abusing the developers lack of thought when it comes to being overburdened. But I don't use a save mod and I never run out of potions due to my alch level and the amount of herbs I have stored in my home chest and that I keep on my horse with me.
Hope this is useful. :)
https://steamcommunity.com/sharedfiles/filedetails/?id=1356929704
The rewards, alchemy and loots becomes meaningless if you can buy anything and fix anything and you still have 10k over in bank.