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Just did my first one, and while the AI isn't great, I found it pretty enjoyable. Longer time limit, they seem good for playing, while not really playing. That said, all the dungeon mechanics will be up to the player, and I'm not sure how many dungeons can be run with it. Seems nice though to map the realm without spoiling the experience for others.
Any issues, or reasons to avoid investing in it much?
They're pretty nice for leveling with no queue times. And for practicing new jobs/roles in a stress free environment.
They can't run every dungeon, and at the moment are capped at level 60.
They aren't an essential part of the game but there's no harm using them so long as you're having fun.
Pretty good to help with queue times and getting some exp/items for yourself. There are several limitations to consider:
1. The dungeon selection.
2. How much GC seals you are willing to invest.
3. How often you are willing to grind the Squadron Command missions to improve the stats of your squadron members (Offensive 5 is absolutely beast with the 60% attack power increase. All 8 of my active squardron members have it.)