I have a BCM 14.5 Mid length gas system upper. 14.5 to ME is actually better than the 16 barrel. The extra inch and a half because uncle Sam says so is not needed, and doesn't benefit much of anything.
On the Plus side of things, more and more optics are being devolved, and loads, that are specifically spec'd to a 14.5 inch barrel. A lot of ballistic optics and loads are being specifically tailored for the 14.5 inch barrel.
Another Myth internet lore brings up is that 1:7 is not good for 55 grain. This has not been my experience. My 14.5 upper gets the same size groupings off the bench at 100 and 200 yards that my 16 inch upper with 1:9 did with American Eagle .223 55grain brass cased target ammo. If you plan on using the gun as a self defense or duty gun, is where the 1:7 really shines as it will handle the heavier loads better.
Then there's also the other internet lore of the mid length gas system not shooting the lower quality ammo. Like others have said it really starts when people start messing with it. BCM makes a note that is you are using an H-buffer and spring, that it may not cycle the cheaper stuff... if you want to shoot the cheaper stuff, just leave the normal carbine buffer in there. I have a standard carbine buffer and mine shoots anything.
Also you CAN buy free floated 14.5 inch uppers with the pinned flash hider.
I wouldn't say a 14.5 upper is for everyone or for every need, but I love mine. However that's the beauty of the AR design.... two quick pin pops.... and I can be running a different upper. I sold my 16 inch upper in favor of my 14.5. Now I am either going to build my own 1911.... or build a long barreled upper for my AR.... I can't decide yet, but it would be nice to have both the 14.5 and the longer barreled.