My main question would be "how stable is PL/Perl?" You need to be pretty sure something like is solid before you start using it in a major way on your database server.
However, assuming it is solid at this point, the biggest downside seems to be the limited level of perl support. I don't see any support for running the debugger or using modules. That takes away a lot of the value of using perl.
Clustering could be a downside too. When you run your code in a separate server like mod_perl, you can spread your code across 20 machines very simply, and harness the power of cheap hrdware. Having twenty databases in a cluster is a lot harder, although it is possible for some situations where a small amount of replication lag is not an issue.
Even with these downsides, it still might be the perfect for certain kinds of database problems that normally require a lot of data to be transferred.
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