The kerning is easier in your eyes, and is also much more space efficient. The only drawback is the inability to do ascii art.
I wish I had more specific examples and could quantify it better, but I know I've caught quite a few errors this way.
I find type writer fonts to look horrible since I’ve gotten used to variable width fonts. It’s like immediate eye strain for me. But you have to choose a good font, times new Roman won’t work.