Advantage: Your data is encrypted.
Disadvantage: If you forget the password, you will need to restore from backup. You couldn't do external data recovery on the drive.
One more thing to remember - if you clean and sell your Mac, dont't forget to turn the FV off. Otherwise the new owner will still need your password to access the machine.
Advantage: Your data is encrypted.
Disadvantage: If you forget the password, you will need to restore from backup. You couldn't do external data recovery on the drive.
You can. However, if you forget the FV password, you've locked yourself out of your own data. Fortunately also Apple can assist you if you took care about it during setup.
I've heard of issues with certain applications mainly games like COD 4 (apparently big performance hits around 20 FPS). Other than that it's mostly disadvantage free.