Lime plaster - pluses and minuses

I hear lime plaster recommended almost as a cure all yet relatively few plasterers in London even mention it when you ask for a quote.

I am aware of high-end builders who will rake out and repoint in lime but it doesn’t seen to be the default which makes me wonder about the downsides.

Why is gypsum-based plaster and cement pointing so dominant if lime has so many superior qualities.

Cheers