If your not likely to snag up, and your bobber fishing I think braid is a good tool. I've just had too many instances where people were using 2/0 hooks and 60 pound braid in a snaggy hole. Makes them unfishable until low water when I can pull out all the lost line.

Braid sucks when your in a meatline drifting and you get tangled up with another person. The stuff knots up soo dam easy. The worst charlie foxtrots I've seen involved braids at Blue Creek.