Is L&P considered preferable?
Yes lime is considered preferable. You need to know how these old builds were constructed. the whole house needs to breath, even the ceilings. They also need to stand a good deal of movement, this is why when you board a lath ceiling they tend to crack all the time and you get a blackpool beach edge.
Lime is also enviro frendly if you are into that gig. Many plasterers these days have never touched lime, it's a specialised work that needs a little more thinking through, not the job for 5 day wonder trained "plasterers" you come across these days.
The problem these days is that trades want to get in and out as quickly as possible to get max cash in the least time possible. Lime work takes time if done right and will cost more.
I spend most of my time working on listed buildings, grade 2* and grade 1 and in this situation there is no choice, you have to replace like for like right down to the mix ratios.
There is a reason why new builds take into consideration carcked plaster work. It's because they know you will get cracking because of movement/settlement. Gypsum base plasters don't allow for movement or breathability.
Steve parrot fasions advice he's read about around the interweb, he has no real experience.
"When repairing a lath wall or ceiling it's best to use matching materials, as the movement characteristics will be the same, lessening the likelihood of cracking. Despite the modern advances in making plasterboard, lath-and-plaster is superior, not only because it doesn't crack, but also for its sound-proofing properties. Traditional lime plaster is much denser than the gypsum which makes up plasterboard and so this helps absorb low-frequency sound. In addition, the way the plaster oozes between the laths leaves an irregular surface which cuts down on vibrations. So despite all our modern advances, good old fashioned lath and plaster has its advantages over new materials!"
http://www.heritagecobandlime.com/page12.htm
This is why I don't overboard lath ceilings, you will see crack appear for sure!
Some more reading for you and a good site to browse.
http://www.buildingconservation.com/articles/plaster/lime-plaster.htm
"In older house, lath and plaster ceilings may be countered, this technique was largely replaced by plasterboard in the 1950's. When a ceiling required repair, it is important to understand the differences between the two types and know which method was used when the ceiling was erected. Any repair will need to be carried out using the same techniques and materials as the original. Traditional lime putty used in lath and plaster ceilings is softer than modern gypsum plasters, and the two don't work well together."
http://www.practicaldiy.com/general-building/plaster-ceilings/ceilings-plaster.php
As you can see from the links, craftsmen whole have spent their lives working lime with traditioanl methods don't overboard and over skim..
Just because someone says they are a plasterer dosn't mean they know what they are doing. Many spend they working life on sites and over skimming private houses etc I have mand a small fortune putting right what a "spread" has messed up using modern methods etc.