Is a Koepe Hoist Always a Better Solution

It is a widely accepted "fact" that a Koepe friction hoist is generally the best solution for production hoisting when compared to a double drum hoists. This would appear to be true if one looks at the initial capital cost of just the hoist, and also if one compares the size of the motors selected for the duty. But is this the whole story? What are the longer term costs involved in the hoist's operation, and what are the relative efficiency's of the two designs? Perhaps the Koepe hoist design enjoys a better reputation than it deserves.