I'll say this even if it's only for the odd sensor failure it's nice to be able to physically check the oil level as opposed to wonder if you actually have oil in the engine or not. I've seen a few people have failures where it says there is no oil in the engine. It would be nice piece of mind to not have to roll the dice on it just being a sensor.
I like the dipstick for being able to see what the oil looks like (black, smells like fuel, etc...) to help gauge the oil condition and adjust change intervals.
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