yeah. i (currently) think all the microscopic life in the sandbed is good for the tank. everyone has commented on how skimmer production drops when you take sand out, which i see as critters in the sand processing unskimmable compounds into skimmable compounds. assuming that the inputs are the same, more gunk out = less remaining gunk in tank. some people i think see this backwards, as 'my skimmer is making less so my barebottom tank must be cleaner than your sandbed tank'.
when i moved my 3 tanks, before i could get them hooked together and skimmed, the 2 without sand had the most problems, but the one with sand (and the higher bioload too) looked great, better than usual actually (probably from the waterchange as part of the move since i didn't bring every drop of old water with me). one of the barebottom tanks (the frag tank) flat out crashed, and the 50 was barely starting to look hazey and like it was about to crash when i got the now-down-to-2 tanks plumbed together (and the skimmer running, which was obviously a huge part too). i think without that sandbed (bacteria within) to stabilize the whole system, my losses would have been *far* greater, even with a $1700 skimmer.
i've heard (and witnessed) anecdotal evidence of how power outages on tanks with sand crash much faster, presumably from increased oxygen consumption from the sandbed than bb tanks. while crashing faster is obviously a bad thing (that can be planned for with a battery backup or something), i do really like the notion of increased metabolic processes in the tank that cause the increased O2 consumption. to me that means that nutrients are being bound up, converted and reconverted faster (nutrient scavaging, which is the whole reason why water in the reef is so clean, and similarly soil in the rain forest is completely devoid of nutrients). plus all these sorts of microrganisms are probably becoming a significant part of the 'circle of poo'.
the biggest reason i took the sand out before was because i didn't like how my powerheads blew it around. but i'm gonna get those ecotechs, which don't appear to punch a high velocity jet of water through the tank, so it shouldn't blow sand around as much if i tune them right. i hope to have 4 of them on low pulsing on a wavemaker. that should get the whole water mass moving without needing high velocity. though ideally i'd run a huge fuge remote with my sandbed, and run the display barebottom with the ecotechs turned up to just under the point of spraying water out of the tank (and frags *extremely* well secured).