The advantage is the ability to put satellite channels onto a LAN & for Channels DVR to add them.
There is also the ability to use a single SATIP server with multiple tuners to allow multiple streaming / recording over a home network. So for example i have 2 televisions in my house. My setup allows me to watch different satellite channels via Channels DVR on each television, with that ability to setup series passes to automatically record whatever FTA i receive. I get no "playback failed" or "no tuner available errors". You can do pretty much the same using multiple HDHomeRun boxes, but another advantage satelittle TV offers is more variety of FTA channels & the ability to create a custom playlist file of channels combined of terrestrial & multiple satellite FTA channels if you wanted.
In the UK FTA satellite has more TV channels available than terrestrial. If you were to also include another satellite, say Astra 19.2... this satellite provides not just additional FTA TV channels in German, but setup correctly can utilise English audio with chertain channels. FTA channels such as MTV & Nickelodeon on Astra 19.2 are provided with an English audio PID. Although the adverts etc on these channels are in German, 90% of their shows are English. Integrate that with Channels DVR & you can watch / record / series pass whatever you want with English audio.
The biggest headache is getting all the equipment setup & software working correctly. Once its done though, ive found things to be very reliable. I previously used satellite tuner cards in my home server which were problematic. Since changing to SATIP & setting things up, i havent really had any problems. It used to be somewhat frustrating setting up 20+ TV shows to record and half of them failed due to driver glitches etc. SATIP for me seems to have solved this problem. To also achieve 24 satellitle tuners onto my LAN using PCIe DVBS2 cards in my server would be 1) a lot of money & 2) I would need to buy at least 4 PCIe DVBS2 cards... which my current server MB would not accommodate.
SATIP also allows connections from any supported SATIP client or anything which can process an m3u playlist. Thats a big advantage IMO... and not limited to specific software & able to watch & record TV on any device & anywhere with a connection to the internet or cellular 4G.