Review for stove top macaroni and cheese from "The Joy of Cooking"

Stove top macaroni and cheese
Makes 4-6 main course dishes or 8-10 side dishes
Ingredients
Two cups elbow macaroni
One fourth a cup of unsalted butter
One 12 ounce can evaporated milk
3 cups of extra-sharp cheddar cheese
2 large eggs
One teaspoon of dried mustard
1 teaspoon hot water
1/2 tea spoon salt 1/4 ground red pepper
Boil macaroni in salted water till soft. Drain and add unsalted butter cut into small pieces, stir until well blended. Add all other ingredients set pot over low heat; stir constantly until sauce is smooth.
Serve while it is hot it is better that way.