It's pretty much the only type of dating that I have experience with. Even the couple of times I was with people irl were just meetups/edating transitioning into irl.
I think in general meeting irl seems more authentic and mentally healthy.
You don't have to deal with dating app bullshit or catfishing, and you're more likely to pick up on if someone is a total psycho or not, although some can still slip through the cracks.
Edating is good if you're a hikkineet or otherwise can't get out and find people in your area.
You get more time to get to know someone through raw personality without the tiring social dance that is going on dates, maintaining appealing body language/eye contact, and trying to be attractive.
If you have social anxiety, it can be a good way to ease your mind about talking to the person, because you've already been taking to them in a controlled environment that you're comfortable with for potentially months/years.
But if you go the edating route, you need to have a solid plan for meeting, and you need to be very clear about what your expectations are. Otherwise it can get caught in limbo and you end up just endlessly erping with someone.
Pros and cons.