I had considered a lotus birth but after I read up on it I decided against it. Allowing the baby to be attached for a few minutes is found to be beneficial for iron levels but longer than that can be problematic. The placenta post birth is technically dead tissue and after a few minutes no longer sends nutrients to the baby. It's a risk because once exposed the placenta is prone to infections which can be passed on to babies
Con of lotus: gotta carry the placenta around which can be kinda gross.
Cons of encapsulation: Im glad I didnt because I wouldn't have used them. I made a tincture instead which will last a long time if I decide I want/need it