A press tool is pretty much all that's used for darn near everything where I am working at.
Piping for: Boiler, chilled water, VAV loops, refrigerant piping for mini-splits.
Brazing is only done where necessary, like putting a 3/4" stub for press fittings onto a VAV hot water coil.
Saves a TON of time. No hot work permits and firewatch, either.
As far as lifespan is concerned, I have not yet seen any old press fit HVAC refrigerant installations. I have no idea when/if there will be a failure due to a press joint failure. So far, the stuff I have seen has passed a pressure test and pulls into vacuum. How long do the "field trials" need to hold up to be considered "good"?
I have not yet heard of any building facilities folks in my travels banning the press tools due to joint failures.
Alleged failures on the interwebs seem to have poor installation as a cause, more than poor quality fittings.
I CAN see where press joint preparation becomes lax due to complacency... and this extends to brazing too. No nitrogen purge (lazy), joint not hot enough (poor penetration), joint too hot...
Buying off brand press fittings certainly could lead to problems, too.
The first big new construction job where I saw press fittings being used for water piping (potable/HVAC water) was almost 20 years ago. It would be interesting to go there and see if there have been any problems.
There is a shit ton of sprinkler pipe in the air held together with rubber gaskets and a couple of bolts.
I do not believe that phosgene is a concern as far as fire and refrigerant is concerned. There will be plenty of acrid smoke from burning plastics in the air. I have been told that the requirement for brazing has to do with the higher melting temperature compared to solder, to minimize piping explosions due to over-pressurization. Some refrigerant piping in my area requires blow off valves to release over pressure. I would suspect that the mechanical crimping of press joints satisfies any concerns about joints coming apart, even if the O ring fails. Otherwise, the press fittings would not be allowed.
I have not yet seen the press tool used with soft copper, so that might be a limitation.
I personally do not own a press tool, yet. It's a lot of money, and I would not use one often enough. It would be a lifesaver for things like water heater swaps and the water line that never stops dripping.