All of my ATO disasters were self inflicted, to be clear - I honestly don't remember why, but in all three cases I propped the float switches on because I wanted to run some extra topoff for a minute, and then I walked away and forgot - only to be woken up in the middle of the night to the sound of water splashing out of the tanks.
jda - I think another factor that it comes down to is the specific motivations someone has for being in the hobby, and their specific goals. A lot of newer people don't have well defined goals or motivations, they're just excited and overwhelmed and naturally attracted to whatever seems new or hot. More experienced people will definitely have a better taste not only for what they're trying to accomplish, but ALSO how they want to get there.
Personally, I don't care if a specific coral changes color or grows a tiny bit faster or slower and I usually don't bother to keep track of what nicknames a given frag has once it's in my tank. I get that other people feel differently. I like the convenience of not having to do lamp changes as routine maintenance or as the only way to tweak appearance. I also love the fact that my 18" cube nano can have a beer-can sized lighting fixture hanging over it, instead of a gigantic MH reflector or canopy. LEDs make perfect sense for me. They can grow colorful corals, there's no lamp replacement, the efficiency is incredible, and they're adjustable. I'm happy. I don't really care if I can grow THIS specific coral and keep it looking THIS specific way until it reaches a certain size or whatever. If a coral turns ugly in my tank, I just don't keep it any more. If a coral grows in a way that the lower branches are shaded, I move it, or swap it out for a coral with a growth form that's more open or doesn't self-shade. And so on. There are enough corals that will do fine under LEDs that I'm happy to use them.
All that said, I am a huge fan of MH and I've had several tanks with them in the past. I do understand why and how they work, and I appreciate what they can do. I would not rule it out that I may have another tank with MH in the future. Although it'll be interesting to see where LED units are in 5 or 10 more years. MH is MH - there haven't really been changes or development there in years or maybe decades. LEDs are still rapidly evolving, and the flexibility is there that may allow someone to solve some of the common problems (spectrum, point source nature causing shading, etc) at some point in the future.
Different strokes for different folks, and I'm happy that the hobby has niches for all of us. Simon, sorry for the minor hijack.