I think it really depends on what you are modeling. The point of parametric/ procedural modeling
is to make for a model which is really flexible when it comes to changes or revisions and also to acomplish repetitive modeling tasks that will be a nightmare to model the traditional way. After using houdini for a while I have come to really enjoy the node based workflow.
For things like product design etc history is great. But for other tasks like architectural design a parametric based approach is awesome