I personally find benefit of rear lockers vs. 4L, although each have their benefits. The con's don't make sense, as both can be deactivated.
Brake modulation differentials works when you don't need high torque - slippery relatively flat roads, or you have an overabundance of torque available (McLaren uses brake diffs). Your available power will split between the braked low traction wheel and the wheel with traction (you only get up to 50% of the power) since the car is simulating a resistance with brakes on the low traction side to equal the resistance on the traction side.
If you're doing some major climb off roading, pulling a heavy load over uneven/slippery terrain, or any application where you cannot afford to run at 50% power to a tractive side, locking diffs are key. Being 100% locked between the rear wheels, either corner uses the full power of 100% up to the traction available, with no slip sensing / reactions.
Rear lockers with 4wd makes the car essentially 3 fully time driven wheels, without brake modulation. 4L alone is still open diff between each axle, so there are scenarios where you can still struggle. In an instance of the right side in an icy ditch, left side high on pavement, 4wd open diffs will act like a 2wd vehicle. You will get 0% power to the left side without brake modulation, and 50% power to the total left side, 25%/25% each front left and rear left with brake modulation. In the same scenario with ELRD, 4wd and brake modulation, you should be getting a total of up to 75% power to the left side, as you don't waste 25% to the right rear, therefore left rear gets 50%, front left gets 25%. These scenarios assume that the traction available between front and rear left is equal, and the center diff is not redistributing power between front and rear.