Yes, ASU Barret is considered one of the top Honors Colleges in the nation. Location is great, and the Tempe campus is a $2 Light Rail ride away from PHX Sky Harbor.
Guaranteed full tuition for OOS NMS is certainly a big plus, and to the best of my knowledge ASU has the best ranked engineering program with full tuition guaranteed for OOS NMS now that UF is no longer an option.
For reference, you can find a ranking of engineering programs that offer merit scholarships to CBNRP recipients, which is a subset of programs that offer big merit scholarships to NMS at
College Board National Recognition Program (includes former National Hispanic Recognition Program) Class of 2022 - Specialty College Admissions Topics / Hispanic Students - College Confidential Forums
(and full disclosure: my son is studying Civil engineering at ASU)