Hey DocTock
I'm sure Adam and Alex will respond. I wanted to offer a couple of thoughts too.
Like you, I've been using FO for some years now with D500 and D800-based systems. I used the usual electrical sync cords before that with CP5000s, D100s, D200s and D300s..
There are swings and roundabouts to both and, from my experience, it depends what you want to achieve and just how well the component parts fit together to achieve that goal.
Electrical: generally reliable connections which should enable both Manual and TTL depending on the strobe. However can't be disconnected underwater to enable off-housing lighting (if that matters to you). Slightly more fiddly to put together. More prone to corrosion and leak issues. Expensive cables.
FO: cheap (especially if you make your own) and flexible in most senses. Easy to have off-housing lighting setups at a moment's notice underwater. Quick and easy to put together as part of a system. Usually very reliable for Manual. TTL can be a bit more difficult to achieve. An initiator is needed (Manual/TTL/HSS electronics board) which can be expensive especially if TTL is required. Cables need a degree of accuracy in cutting and siting if TTL is required.
My conclusion, for what it's worth: FO is a no-brainer. I was always concerned about the electrical connections: broken or rusted pins. I found it unhelpful that it was tricky to rinse the system as the sync cords usually had to remain in place well into the cleaning process. I got pretty reliable macro TTL with sync cords; but found with FO switching to Manual was easy and now I almost never use TTL - but do use HSS. If the FO cords fail (rare) I make a new one: $15-$20? If I need a longer one, I make one. If I want to backlight a subject I disconnect the strobe from the housing, run out a FO cable and away I go. Disconnect the strobes and cables before it all goes into the rinse tank: less to break.
On the other hand I now have an expensive initiator board. If I get a flood, not only might I lose the camera and lens - but the initiator board as well.
So, as the saying goes, you pays your money and you takes your choice. There are advantages and disadvantages to both. But having used both and having put well over 500 dives into an FO-based system, I would not go back to electrical sync cables.