It's sacrificing the expected latency of replication.
Incidentally, if you're on 9.3 and your HW can handle it, take a look at parallelizing the pg_dump. If you've got a relatively fast disk subsystem and many cores, you can get a speedup. I've found it tends to make the dumps O(biggest table) instead of O(sum of all tables).
(It's native on 9.3, I've hacked up some scripts that do it for 9.0, but they don't get a consistent snapshot, so I do it during scheduled downtime. OTOH, the dump/restore is ~6x faster OMM/OMD, so the downtime is that much shorter)
Incidentally, if you're on 9.3 and your HW can handle it, take a look at parallelizing the pg_dump. If you've got a relatively fast disk subsystem and many cores, you can get a speedup. I've found it tends to make the dumps O(biggest table) instead of O(sum of all tables).
(It's native on 9.3, I've hacked up some scripts that do it for 9.0, but they don't get a consistent snapshot, so I do it during scheduled downtime. OTOH, the dump/restore is ~6x faster OMM/OMD, so the downtime is that much shorter)