I know - done to death.. A customer has asked me this question. I have come up with the following list. Any other thoughts - sensible ones.. no need to start a debate about the merits - just need a list!
Conventional Pros Stored hot water - so water (hot and cold) available if mains supply fails Immersion heater backup - hot water if boiler or gas fails Warm airing cupboard Cons Cylinder needs replacement (in this case to comply with building regs) Storing hot water not as energy efficient More complex controls More costly than combi to install
Combi Pros High pressure showers without pumps Only heats hot water you use No stored water (flooding issue) Frees cupboard space Cons slower bath filling No warm airing cupboard