I made considerally more than 10 batches with mine over the last 5 years. And have had no issues either. This has been discussed and argued to death. It's your choice if you want to use it or not, there are several other methods that can be utilized in AG brewing if you don't like the idea, BIAB, Zap a Pap, SS herms and rims systems, two pot method, mashing in an oven with a pot.
You can almost argue it revolutionized the hobby, and was probably the one method that has converted more folks to All Grain Brewing (Followed by the more recent [in america that is] BIAB method.)
The cooler, along with the Turkey Fryer really made AG accessible to folks
it is one of the easiest methods, has been used by thousands of folks in the last decade, and none have come back with any credible info or even complaints about what you're worried about.
Ultimately it's going to come down to you.....I'm not giving mine up.