Pro's & Con's of using two concentric mates of holes for mating parts?

When I started using SW in 1999 you couldn't locate one part to another with two concentric mates between screw holes and matching clearance holes. some where along the way that changed. Most of my co-workers mate the majority of there parts this way and I personally don't think its a good idea. What are the pro's and con's of this mating scheme?

SolidworksAssemblies