It is on mains pressure so high pressure showers and no tanks in the loft. You have to reinstate the air bubble at the top of the cylinder each year. Lots of pressure controls on it. An open vented DHW heat bank is superior all around and no tank in the loft and mains pressure hot water. There are "integrated" versions that do the CH and DHW off the cylinder. I wouldn't bother with an unvented cylinder (Megaflow type)
The advantages are obvious except the cost of LPG. LPG boilers are smaller and cheaper to buy and less the cost of an oil tank. So you have to work out the payback time.