The upsides are: - it generates code and does not do anything funky with internals, - it has a lot of knobs if you need something a little different.
The downside is that it does not provide you with the other Lombok annotations. In practice that has been OK!
Other tools and libraries generally do not interact in such an errorprone manner.
That said, when you know how it works, what it needs, and you know how to iron all of those tiny wrinkles, it works fine and saves you some code and/or sanity. It's not the devil, it's a powerful tool with some downsides.