Main benefit was in the speed of presentation. Writing on a blackboard takes some time, the lecturer is slow enough in presenting that you can really follow along, while not "standing still". What a contrast to powerpoint presentations where the lecturer paused for a minute or two to let students read the equations. Either time was not enough, or you'd start to get bored.
Until I graduated at the end of my 5 year program, I tutored freshmen students. Towards the end of my time at uni, they almost exclusively had lectures with powerpoints. I sat in one of the into lectures and what had been a good introductory course to classical mechanics had turned into a mind-numbing powerpoint karaoke show.