Sorry for the late reply, been busy with an ongoing project.
I use both, but most of the time I use DM and since Fusion hasn't allow me to mix both environment yet, all my work in Fusion is done in DM.
As for the pros and cons, if I had the time, I would show you some example on why which is better but as time is short on my side, I'll just write it out, maybe later I'll post with better examples (probably sometime next week when I should have some free time)
Personally, I find DM works great for 95% of my usage except when it comes to situations where it involves pattern.
Why is that? Cause with DM, I'm able to use move sketch between components or pretty much reposition the sketch and etc. Like I got 2 components with 2 matching holes (one is a counterbore and another is a thread), so what I can do is to create 1 sketch and use it for both holes; 1 time for counterbore and another for threaded holes. DM also allows me to do heavy modifications of my part without having to bother my model stability (something that traditional history based modelling must take care of when doing their model).
So when would I use History Based? It'll usually be when pattern is involved as DM doesn't do well with open ended pattern. To prevent my "pattern feature" to break, what I'll instead is first draw the solid model giving the pattern a 100% success rate, then I'll cut it out to make it open ended. So in the future if I were to edit the qty or pitch of the pattern, it'll not break my model, as long as the base is longer and that's easy to be solve. Here's a series of photo to show what I just talked about:
In DM, by making it open ended, it'll break the feature as DM doesn't keep track of changes you've made. So doing things like this could break the DM feature
So with history based, I'm able to edit the pattern and probably have to "touch up" my model to have it display correctly again. (the last 2 features is sketch to make the pattern open ended and extrude-cut).
There's other examples but this is the ones I can think of now.
Hope this help you!
Omar Tan
Malaysia
Mac Pro (Late 2013) | 3.7 GHz Quad-Core Intel Xeon E5 | 12GB 1.8 GHz DDR3 ECC | Dual 2GB AMD FirePro D300
MacBook Pro 15" (Late 2016) | 2.6 GHz Quad-Core Intel Core i7 | 16GB 2.1 GHz LPDDR3 | 4GB AMD RadeonPro 460
macOS Sierra, Windows 10