I'm fairly convinced I will move to LiFePO one of these days and know just enough about them to be dangerous, so far. I'm fairly convinced I would never operate a cruising system, without a BMS. I guess one could try to stay within the guard rails themselves, but there are too many distractions, when cruising, to trust that would work for me. Beyond the base quality of the BMS manufacturer, I understand there are load limits on different BMS. This has to be paired properly to the vessels demand (charge and draw). I also have the beginnings of an understanding that the BMS can disconnect charge input, to prevent an overcharge/voltage event, and that could cause an alternator to burn out, if its running against no resistence. I think there are ways to rig a sacrificial lead acid battery to take this charge, but perhaps there are other, more sophisticated ways I'm still trying to understand.
I've read articles that make the point that any battery can catch fire, if improperly charged. I know that is true. However, I rarely hear of lead acid batteries doing this, perhaps because they naturally accept less and less charge over time. LiFePO will take full charge untill essentially full and (disclaiming a good scientific understanding here), seem a bit more susceptible.