According to #mercurial, branches (even closed ones) begin to noticeably slow down the repository when you reach around 2000. That's not at all impossible to reach with fine-grained feature branches. Bookmarks are really just pointers to commits, no branches in any sense, so they cannot be used for feature branches either. As a result, we simply don't use feature branches in Mercurial. It's literally the only issue I can think of.