I'm from the other side of the fence than Steve. I prefer one stop shopping and not messing with converting and re-processing. I've not found a nutcracker effect I cannot duplicate in LSP and there are many in there that nutcracker does not yet do. Some are certainly easier in nutcracker in some ways, and marquee works better, but I just want one stop shopping.
Now as some point out LSP costs some money, but in the long run as Steve suggested, it's a small percentage of what I have in cables, controllers and lights!
Alan