Diamond cut alloys have great showroom appeal, but are quite 'fragile' and, as Pld118 has said, they're more expensive to refurbish that powder coated alloys. I think the only issue with getting them powder coated, is that it might put off some buyers when you come to sell the car, if they're expecting it to have a set of 'bling' diamond cut wheels.
I had the beginnings of whiteworm appearing on 2 of my 18" Charlestons around the centre caps when my car was approx 2 years old and the wheels were replaced under warranty. After that, I put them into storage and bought a set of 18" VW Rotary's which have an anthracite powder coated finish so are much more durable than the diamond cut finish. So I have a set of pretty much pristine diamond cut Charlestons that I'll put back on the car when I sell it, and will either sell the Rotary's if they don't fit whatever car I buy next, or I'll put them on my next car.