Convenience. I use Bitwarden. I get a lot of value from having my passwords synced across multiple PCs and my phone.
One should really stay away from storing the vault on any permanent online storage, and do the one-time sync using temporary file-transfer services or even better some private peer-to-peer transfer method - but then you loose a lot of convenience of tools like LastPass or 1Password over the Dropbox. And in security everything is in picking the right balance between safety and convenience for you personally.
Even if someone got your vault file, with a _very strong_ master password it's just not going to get brute forced any time soon. [1]
With an online-only solution you have no idea how they are storing your data. I think 1p local vault (only) with db sync with an extremely strong master pw is adequate, but indeed for most use cases, it could be better to simply one-way sync from your main computer to your mobile device with something like Resilio Sync and avoid Dropbox entirely.
I cannot bring myself to trust any online service with this kind of data. Nobody is getting my master password without hacking my machine, brain, or government backdoor. There is a lot of peace of mind to be had with a local system IMO.
If you get hacked, you wont even know, and when you try to figure out how your genius security solution was foiled, you are on your own there too.
The only way your data is safer is in your mind, which is the first mistake of security; you dont get hacked because you knew about the weakness, you get hacked because you didn't.
PM's are, in most cases, a lot more advantageous for many reasons. But you can't really compare the solo solution at all, imo.
That's the same thing that LastPass does AFAIK. According to their site: "Your data is encrypted and decrypted at the device level. Data stored in your vault is kept secret, even from LastPass. Your master password, and the keys used to encrypt and decrypt data, are never sent to LastPass’ servers, and are never accessible by LastPass."
So they pull down the encrypted vault to the local machine before decrypting it, it's never on the wire in an unencrypted form, nor keys leave your local machine.... which is essentially exactly the same thing that you do with 1Password + Dropbox for sync, just in one service. (At least that's my understanding, I might be interpreting the LastPass statements wrong, in which case please do correct me.)