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I think as long as they are cheap they make sense.
For street driving they are plenty durable and for heavy track use, most will go for other options.
They can work though.
The crazy expensive Co-cast rotors on Porsches track models last extremely long and only need to be replaced because Porsche cross drills them( they crack quicker) Porsche says better brake feel, I think just because it looks racier and to sell more rotors, but no issues at all with aluminum-steel mix.
Would make more sense to make them cheaper to keep the car cost down and let customers decide how much they want to spend on lighter weight rotors.
Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette
Slideshow: A Jaguar designer's personal project imagines what a modern front-engined Corvette might look like if Chevrolet revisited the golden age of the Stingray.