How good are people at making decisions? http://danluu.com/bad-decisions/
I think you get large gains that come with a large cost, esp. for Elm but also for Ocaml. One of the core concepts in Elm from when I last used it (signals) was removed from the language and it's still pre 1.0 and at risk of significant conceptual changes.
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Pre-validation they don't matter though. We're still in "build over to throw away" phase. Static typing makes huge difference given massive code churn as we figure things out. We basically don't need to write tests either. Super productive
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Major cost atm the lack of reuse between frontend and backend, esp for API encoding. Curious about other costs you perceive?
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