I started running a Calcium Reactor 18 months ago, and it is one of the best pieces of equipment that I have purchased in the hobby. I love it.
Here's my 2 cents:
(Cons- The set up) The reactor has a pretty high cost when you factor in everything that you need: the reactor itself, re-circulating pump (if not included), solenoid valve, Co2 tank, and a computer/ Ph monitor. Once you have the components in place it does take a while to dial it in... this is the hardest part of the setup. You have to make slow changes to the amount of flow leaving the reactor as well as setting up the desired Ph/ amount of Co2 entering the chamber. The dial in process involves making very small changes then testing parameters till you get the desired results.
(Pros - Awesome Results, Easy to Maintain) Once you get the reactor dialed it, it is for the most part a "set it and forget" it piece of equipment. Maintenance wise there is really nothing to it... you will eventually have to change out the Co2 tank when it empties (I change mine every 6 months, but this can be extended if you buy a larger tank) and add more media when it gets low (every 9 months for me). Since adding the reactor, the stability of the system has been amazing... Alk and Calc remain high and never fluctuate. Finally the results of the reactor have been great. SPS corals grow about 2-3 times faster with the reactor, and coral health has been greatly improved.
I do not have a lot of experience dosing 2 part, so I cannot give much feedback on that method. I CAN tell you that my experience with the reactor has been very positive and I would highly recommend getting one.