6 one, half dozen the other. One trick pony pedals, racks, modules can be awesome to have to always be at the ready with hardware sitting there to to turn on / off and tweak. Software can do so very much at more affordable costs - and you can add controllers to bring in the hardware knob / slider factor.
For me - I'm willing to fight the clutter and cables and power and all that to have hardware so I don't have to fiddle with getting software plugins and the like to all work in the computer. For friends of mine - the last thing they want is $200 one trick ponies when a $200 plugin will do all of it and more - and no cable rats nest.
All is fair in love and music making.