There are some things that you get only with P-TTL other then metering. AFAIK there are no radio triggers that support P-TTL and most flash units that support P-TTL also support optical wireless flash.
With P-TTL you get the metering. Although this may not be as consistent as all manual it is reasonably good under quickly changing situations that are impractical in all manual. You also get thing like HHS and trailing curtain. If the flash and camera have optical trigger built in then this is one less thing to get and keep track of. Optical P-TTL triggering is quick, convent and good for short range. It may be a problem in bright light, other flash units flashing (way to many can create problems for the metering), longer ranges or though objects.
As the number of flash units increases P-TTL becomes less of an advantage and using manual starts to look better. As the range increases P-TTL becomes harder to control and manual is more preferred. This makes radio trigger with manual control the better option. Radio triggers may have problem in radio noisy environments, with radio noisy flash units and some cheap radio triggers may contribute to pattern noise (EMI) in some cameras.
This may seem like a waste to have 2 trigger systems but they are not really competing but complimenting each other. Getting one or two flash units with P-TTL W/manual/auto is in MHO good idea. Past 3-4 all manual units like a LP 120 or studio lights like alienbees.
This site
Pentax P-TTL Flash Comparison: The Definitive Guide is good as to what flashes support P-TTL and their other options.
DAZ