Internal Gate:Pro: - For the RB no adapterbox or new manifold is needed. It will basically bolt right up- Costs less than external gate
Con: - More likely to have problems with maintaining the proper boost level on BIG turbos. (Sometimes they can't keep the boost level as low as you want, or sometimes they just have a problem keeping a steady boost level). - Can't "dump" the wastegate gasses whereever you want... if you care
External Gate:Pro: - Better performance, they in general can hold lower boost levels and always hold a steady boost line - You can dump the wastegate gasses whereever you want... again if you care
Con: - Cost. The wastegate itself costs more and for the RB you will need a new manifold or adapter box
Basically, the external gate is a better wastegate solution than an internal gate, except for the fact that it costs more money. As far as reliability in terms of failure rate (i think this is what you mean) they are both about the same, and in general wastegates (when hooked up properly

) are reliable.
Murray