When comparing systemd vs SysVinit, the Slant community recommends SysVinit for most people. In the question“What are the best Linux init systems?” SysVinit is ranked 5th while systemd is ranked 7th.
Specs
Ranked in these QuestionsQuestion Ranking
Pros
Pro Full use of kernel features
No POSIX.
Pro GPL Licence
Pro Free and open source
Pro Easy to manage
Pro Easy to understand
Pro Doesn't cripple your hardware
Instead of assuming your computer is a static machine, systemd is designed with modern computers plug and play design in mind.
Pro Backed by Red Hat
Pro Cgroups processes control
Systemd groups all processes by services using Linux's cgroups. Think about memory/cpu/tasks/IO/Net limits and accounting for any service.
Pro Login management out of the box
Systemd contains a daemon called logind which is used for managing user logins.
Pro Default for many popular distributions
Systemd is the default init system for most popular Linux distributions (Arch, Debian, Ubuntu, openSUSE, Fedora, etc.) Therefore there is an insane amount of support behind Systemd. Choosing Systemd means running with the herd, which comes with it's pros and few (or none for some people) cons.
Pro Simple to understand
Pro Very stable
Since sysvinit does only one thing (initialize the system) and one thing only, it's very stable and it's impossible for it to fail for any problems unrelated to booting the system.
Pro Better boot time and overall performance
It boots up really fast if you use it on a desktop system.
Pro No feature creep
It is an init system nothing more.
Pro Easy temporary disabling of init scripts
Just rename the script to disable in /etc/init.d, i.e. /etc/init.d/whatever to whatever.disabled to disable the script and rename it back to whatever to enable it again.
Pro Does not stop booting if something fails
It just works, misconfiguration of a third party service wont break booting.
Pro Configuration based in text files, nothing hidden in the system as it can be done with binary configuration files
Cons
Con UNIX-like isn't the same as the UNIX philosophy
One of the main argument that people who are against using systemd is that it does not follow one of UNIX'S core concepts: 'Do one thing and do it well'. Instead, systemd represents a collection of dozens of tightly coupled libraries, with responsibilities that exceed those of a simple init system, since it also tries to handle things like device management, power management, mount points, cron, encryption, syslog, network configuration etc...

Con Makes dependent products difficult to port
Software dependent on systemd. Becomes difficult to port to systems that lack systemd.
Con Binary logging
A binary log structure means that any tools you want to use to parse it will have to be aware of its format, and know how to deal with the ways it can become corrupted. Otherwise, it's not really possible in the easy sense.
Con Too monolithic
It tries to do too much - most people who use systemd aren't even aware of most of the features and don't really use them. It makes can be with complicated to deal with, and it's possible that in a few years this project will be a nightmare to maintain, and the users will feel the effects.
Con Overkill as an init system, resulting to unsafe init system
1.2 million code lines...
How this monster is controlled with such a huge size, for security leaks and other aspects?
How about if, the homed new service fails and your home folder may become unreadable or useless?
Con Aggressive marketing
It's trying to deprive people of freedom of choice.
Con Frequently change APIs
Con Makes maintaining a hassle
Con It's all or nothing
While it is technically possible to use software without SystemD, it really is true that it is "almost impossible" to use software without it, given that all the hard porting work to other init systems has not been done already for you, or given the fact that you are trying to install unported packages directly from the authors (either from binary, like a DEB file, or from source.) Consider the following:
Every major Linux distribution runs SystemD as an only option for init systems.
Around %95 of GNU/Linux users use SystemD, give or take.
SystemD makes things easier for lazy developers (at a cost, however.)
Therefore, most software packages that depend on an init system are developed with inherent and sole SystemD support, in favor of the status quo. While distributions such as Artix-, Gentoo-, and Void Linux have been able to correct packages that depend on SystemD, it is not the easiest to do so. Developers and users wanting to package their own software or build software from source may give up trying to work without SystemD since the software may need to be edited for extra compatibility.
Con The new version does not consider backward compatibility
They just remove the features they think are "incorrect".
Con Connects to Google DNS servers by default
Con Mindset of monopoly is behind it
Con Need glibc
Con Low-quality code
Con Unstable
Con Kills background processes after the user logs out by default
Con DDNS is done poorly between DHCP and DNS
Unlike ISC DHCP server/client, systemd-dhcp-client and systemd-dhcp-server cannot do DNSSEC, SVC, and many RRCODE. Stick with Bind9 and isc-dhcp-server instead.
Con systemd-networkd has poor network event handling for cable disconnect
When you disconnect the LAN cable, nothing happens in systemd-networkd. If you used non-systemd DHCP, you get a new subnet (if it changed).
Con systemd-DHCP cannot update subnet after reconnecting LAN from work to home
DHCP client that is builtin the systemd is really simple and rudimentary. Won't work with Verizon/Comcast DHCP ISP servers directly (must use their modem).
Other DHCP client can, like ISC dhclient, or dhcpcd.
Con Lead developer shows near complete lack of care for standards of quality needed for developing a part of an OS as integral as the init system is
Con Runs only on Linux
Con Duplicated implementation for every service
Every init script needs to reinvent the wheel for every script: argument processing, start/stop/restart/reload/status/whatever processing, finding/clearing/creating PID files, sourcing defaults, building and setting configuration options, so on and so forth.
Con Can lead to slow boot
Since init starts tasks serially, it has to wait for a certain task to finish in order to start the next one. But when startup processes end up I/O blocked, this leads to considerable delays during boot.
Con Launches a bunch of processes to launch a process
Every init script spawns at least sh/dash/bash, and probably also additional processes such as cat, echo, start-stop-daemon, etc, just to start a single daemon that may not even be needed at the time of boot. This massive overhead results in poor performance, and is a killer for embedded systems.
Con Awkward runtime dependency handling
Comes with a directory tree of symlinks to handle the runtime dependencies with links like S01whatever and K11whatever to start/stop services in a specific runlevel. Writing init scripts that conform to the LSBInit standard of LSB, which does allow to define the dependencies in the script header, doesn't always get you covered.
Con Fragile
Scripts can be broken easily, specially if your machine state changes constantly (like almost all modern computers).
Con Follows UNIX philosophy
Yes. This is a CON. Unix Philosophy was a set of guidelines that pretty much made sense in 60 and 70's machines. Trying to follow that instead of the material reality of computing makes software crippled, barely usable and prone to hit dead ends.
Con Initscripts is not portable
It is virtually impossible to write portable sysvinit-scripts.
Con Hard to write sysv-initscripts
As one needs programming skills (opposed to a declarative style).
