Like you said, you won't be testing all of the possible inputs, but it can still be a very effective way to detect the kinds of bugs that would otherwise be difficult to discover with more traditional testing methods.
Here's an example of what I'm talking about: http://propertesting.com/book_stateful_properties.html
Also, the use of the term "non-formal" in the article you linked is incorrect. If it runs on the computer it is, by definition, formal. The author meant "sound" or "exhaustive" (although, while all model checkers are exhaustive, many -- like the one in this article -- don't actually try each input; they're exhaustiveness implies soundness, not a particular brute-force algorithm. How well they can actually beat brute force is, however, another matter...).
BTW, it is possible to use the TLC model checker for randomized tests of TLA+ specifications in a way similar to randomized testing of "stateful properties", as checking random walks of the state graph.
I was using the same terminlogy as the article, and treating my property tests as informal forms of model checking due to their being unsound, but I can see how that isn't exactly correct.
BTW, property-based testing and model-checking are not really similar. Model-checking is any automated technique to find an invalidating assignment to some formula or declare there is none (so SAT solvers do model-checking). In the case of programs, model checkers automatically determine whether a program satisfies some property. Unlike property-based tests, they do not run the program on all inputs. In fact, the program is never run at all in the ordinary sense. Even TLC, an explicit state model checker for TLA+, that tries every possible state can check uncountably many executions, each of infinite length in a matter of seconds, where "running" even one of those would take infinite time.
It is sometimes easy to think of a model checker as conceptually running the program on every input, but it's also sometimes important to know that model checkers don't actually do that.