CLEP: Pros vs. Cons?

[BrighterFuture88]

Hey all!  Next week I will be taking my College Composition CLEP Exam and then going to knock out the Analyzing & Interpreting Literature CLEP, but curious as to the benefits of CLEP vs. the current popular route of using SL/SDC/Sophia/etc. for obtaining credits?  I have read through a lot of past posts on here that showcase a variety of feelings on CLEP and thought it would be nice to have a central topic to discuss whether or not people still view these tests as a logical option.  From what I have gathered: 

Pros: 
- Not having to take the course
- If you are great at studying, then this is the option
- Testing & Admin costs paid for by ModernStates
- Far more cost effective if you can test out

Cons: 
- For some, it’s easier to test out at Straighterline
- Abysmal testing dates for a lot of universities (My local one close by only does every other Wednesday at 1PM)
- If you fail, you can’t take the exam again until three months later
- Cost-wise, it’s more than a course if you have an SL membership and have to pay for your test or choose to not use MS for a voucher

What are everyones’ opinions here?  Personally, I’m not great at test-taking, but going through ModernStates and attempting a CLEP with some studying isn’t a bad solution.  When I pass this College Composition exam, that’s my English Comp. I & II all factored in so I can move-on to other things.  With studying every day for 3-4 hours and 2 weeks of studying via IC, Peterson’s & MS, that’s not bad for two courses.