Cons of camber

If you have a large negative camber then it's possible to get camber thrust. Camber thrust is when one wheel loses grip and causes traction issues with other wheels. Also negative camber can cause an uneven wear on tires. Heavily angled wheels can cause unreliability, suspension damage, destroy alloy rims and body/chassis damage. 

The pros of negative camber

If you have a negative alignment or camber as most people know it you gain traction if it's just a slight negative alignment. When accelerating around corners negative camber offers stability. On straight roads though you lose wheel contact with the road. Keep in mind never let technicians realign negative camber because realigning negative camber can cause problems such as; losing grip and handling, suspension problems and problems with your steering knuckles. 

The cons of lowering your ricer

A few cons to lowering your car are, if you lower it too much you may not have enough suspension for the extra weight, if you're insurance company somehow finds out that you lowered your car your insurance may go up. Also if you lower your car your chances of scraping and getting hooked on something are much higher and you'd go through parts a lot quicker. 

The pros of lowering your ricer

With a lowered suspension you get better aerodynamics with less wind going under the car and more wind drag going over the top. You get improved traction and handling (if you don't go too low). Roll over risk is at a minimum because because the center of gravity is so low. Some people even say you get better comfort out of your vehicle by lowering it because of the additional stiffness in your suspension.