I use my OA for a lot of different things. Plasma is good for cutting any metal. But some metals are better cut by other methods, especially if welding is to be considered. OA or any OF type unit can be used for preheating, which is needed at time when welding. Or it can be used to simply wash a rusted nut right off a bolt, without even harming the threads of the bolt. Plasma cannot do that. I advise many customers that a Plasma will not replace OA. I too can achieve very good results with OA. It takes a little practice. Plasma definitely is easier, and cleaner. It is not necessarily faster. A simple. average OA torch usually has cutting capacity of at least 2". It takes a big plasma to do that.
The advantage of plasma in my book:
1) Speed on thin materials. Fast, rapid cuts are easily made. Large plasma cutters are needed to maintain good cutting speeds on materials over 1/2", though. Over 3/4", the cost and size of the plasma cutter is prohibitive to the small guy to keep up with the economy of cut that O/A offers.
2) Less heat input into the metal keeps warping down to a minimum
3) Will cut any metal, though considerable dressing is needed afterwards to remove oxides and other contaminating by products of the cut, even though it is smooth and clean
4) No tanks to buy or rent.
5) Much faster setup time. Turn on the switch, stretch out the cords and cut.
The big disadvantage is though size is small, you still have to drag an air compressor, and a power source with you where ever you need to use a plasma. Consumable costs are significant.
O/A startup costs are usually a good bit less, even buying the torch and renting the tanks.
I have sent more than one or two customers away to get a good O/A kit before buying a plasma. O/A simply cannot be replaced. I'd say about 95% of my cutting could be done with O/A. Most of the rest could be accomplished by other means. It's not every day I am going to cut 1/2" aluminum plate to weld on a deck of a trailer...The last percent or two of work does make plasma appealing. But somehow I'd still manage without it. I love using a plasma cutter, don't get me wrong...But the O/A always stands at ready.