One major issue in favor of tillers is the simplicity of the system. A tiller is far less maintenance and far less complex. Also, many sailors feel that a tiller steered boat gives the sailor more feedback than a wheel-steered boat. Tillers can be used on even very large boats, given that they are designed for it. One of my favorite large trimarans is tiller steered and comes in at 18 meters long... seen below:
Also, you can setup sheet-to-tiller self-steering fairly simply, which is generally not an option with a wheel.
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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
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Still—DON'T READ THAT POST AGAIN.