Of course, it's easy to squander that opportunity by delivering a rote, feelingless lecture. And if you're just going to lay out the facts, why not record them? In that case, videos have many advantages. But a live lecture is also an opportunity to get people excited about what you're teaching.
Post-pandemic, my plan is to take a hybrid approach. Technical details, like proofs, belong in pre-recorded videos watched out-of-class. But the main conceptual thread should be delivered in live lecture, where I can give it the energy and life it deserves.
The biggest disadvantage was that with a live audience the professor got cues from the audience if we understood him or if he had to slow down. In his videos he constantly assumed he had to repeat everything slightly differently, so you had to watch at 1.5x speed to get to something bearable.
On the flip side, you can redo sections and easily insert multimedia and just mix up the talking head format.