After working remotely for 8 years, I find video conferencing to be preferable.
* I am more physically comfortable. I can control the thermostat, the humidity, the lighting level. My preference on these three things are very different than standard office. In addition I have better control over items such as the food I am digesting, the office chair I am sitting in, the smells in the room, etc. One concrete example, I am often cold in offices. If I am cold my muscles tend to be tense, and my mind reads that signal and makes me more anxious/alert. I can concentrate better and think more clearly if my body/mind is relaxed.
* Reduction of information to only the most relevant. Do you know how much data you receive when sitting next to another human. Significantly more than the 1000mb/s my home internet connection provides. During a critical negotiation or an intimate moment you might want that extra volume. During engineering it's a distraction. I don't want to smell my co-workers lunch while paired programming. All of the conversations are more focused.
* Consent. I choose to connect. I can choose to disconnect at anytime. I'm never stuck in a conversation while waiting in line for coffee, and if someone virtually decides to drop by my desk, I have more flexibility in dealing with the urgent need.