The good about probes:
1. they are only as good as their calibration/machine accuracy
2. with proper macros/ routines ( read simple, powerful, easy to use and fast) they make setups go much faster even one offs. You'll find your self probing instead of using end stops.
3. They are great for finding center of flamecuts, castings, etc.
4. they generally are not bad to program around.
The bad:
1. they are only as good as calibration/ machine accuracy. You can't fix a farted up machine with a probe, and a probe thats not calibrated costs you more than you save. Its like tramming bridgeport heads, should be done periodically even if not crashed
2. keep extra stylus on hand - you'll break them- especially when batteries die in mid cycle
3. you'll never have the one cycle you need at the moment- you have to re skin the cat sometimes.
4. if you absolutely want to know, you can't beat a coax, gage blocks, and mechanical touchoff, but it will take longer to do.
I have had probes... the one particular machine I have not repaired it since the last time it went down. That machine is long in the tooth and I'd rather save the money for the next machine ( I have one in mind, but I don't know if I can afford that much awesome).