The main reason for the popularity of cold light heads is that big dichroic heads used to be very expensive, heavy, moderately difficult to adapt to a non-matching enlarger, complicated, and as mentioned they throw less heat the a comparable output incandescent head. An Aristo was often about 1/10th of the cost, much lighter, simpler (less to go wrong. Easy to fix.), more efficient, and came in a wide variety of sizes. My first 8x10 enlarger was an Elwood. I bought an Aristo head for it with the V54 bulb and a metrolux timer. This setup worked very well. Given that the cost of big color heads has nose dived, the cold lights aren't as compelling an alternative, although they're still very good, especially with aV54 bulb, which gives a very good range of contrast adjustment with VC filters.