I prefer notation for sequencing midi instruments. I like to write out the bassline for use as a guide when composing the drum parts. Even though I play bass quite well, it's easier for me to compose drum parts when I can see the bassline notated on screen.
I also give session players charts, tabs, or sheet music so they can get their parts down faster.
I will often keep midi horns, strings, and other hard to find instruments even after replacing midi guitar, keys, vocal melody with real players.
The PRV is extremely difficult for me to use in most cases.
Rhythmically, I understand notation much better than blobs. In PRV, it's very difficult for me to tell if I am looking at 4 eighth notes or 4 sixteenth notes because they can be the same size depending on the zoom level. In notation view, the actual note widths are all the same, they're just different symbols. Forget about tuplets. I really need the little "3" under the triplets, or worse the dreaded little "5."
In notation view, notes are beamed and rests are displayed. No such luck in PRV.
The grand staff fits on my screen nicely which keeps me from having to scroll up and down or zoom in/out to get to the notes I want.
If I am writing a part in the key of E minor, notation view will automatically enter an F# if I click on a line or space that represents F. PRV - Not so much.
I can enter a piece of music into staff view about 5 times faster than I can in PRV.
I will use PRV for drum parts, but only with durations turned off. I am seriously considering using the step-sequencer for writing most drum parts.