I think the thing that makes people nervous about them is distortions from the open side of the sander (having the arm slightly bend). More versatile, yes, though unnecessary for most of us. If you'd use it, definitely worth looking into though. The baby drum sander is a solid tool though, took awhile for grizzly to fix the issue with the conveyor belt gear stripping (used to be made out of nylon), but since they have I'd easily say it's one of the best sanders for the price range.
I have a baby drum, 14" g0555 bandsaw, and the 6x80 edge sander with a wrap around table, can easily do any task needed for bow making.
Oh, also, you don't need 3m or double sided tape for lams, but you do for tip wedges if you end up making them for your bows. The pieces are too small to have enough friction to stay on the sled, little tape or a dot of CA does the trick.