True.The key is to know when to use each. Those are the big determining factors on which is appropriate. An alt that is correct for the application (current draw, typical engine RPM, etc...) is never going to hurt but a new alt might not always make economical sense.
Other than the amp shutting down, I can't think of an audible manifestation of a voltage dip...
And sign me up for that new VR. It sure beats mine which takes 8 seconds to care about a dip in voltage. You can hear the heater blower slow down or watch the lights dim when you use the power windows (165A alt for the useless...).