With a cooler mash tun I can't easily do a double infusion mash etc. And the decoction problem is only if you believe in hot side oxidation. I did one decoction mash and it was FAR different than my single infusion mashes, and in the top 10 or all my beers. If oxidation was a problem I want to do it again some day.
Hot side oxidation happens whether I believe in it or not. Like most German brewers, I now generally brew using low oxygen methods, and this is generally incompatible with decoction. That is why the Germans generally do not do decoction mashes nowadays. (Note all the "generallys.")
But I agree that if you are not running a low oxygen brewhouse, and cannot otherwise achieve multiple steps, decoction remains a viable option. It is still practiced by some older, smaller, Czech and even German brewers who are not following low oxygen practices.
Like every choice in brewing, a tradeoff is involved. My own priorities preclude decoction, and my equipment renders it unnecessary, but others may prioritize decoction, for one reason or another, ahead of other benefits.
The ability to include multiple temperature steps in a mash program does allow the brewer much more control over the composition of the resulting wort, bringing the ability to optimize fermentability, foam quality, and other parameters, as well as increasing yield of extract.
I apologize if my first reply in this thread was insufficiently nuanced. Anybody who wants to pull decoctions, go right ahead. Glad I don't have to.