Positives are not just more room, but a cleaner looking engine bay. Also a little extra weight off the front, and added over the right rear tire where it helps.
Of course the negatives are you'll need longer, and heavier cables to account for the extra loss through length. And you'll need to vent the battery box unless you buy a sealed battery. And you lose a little trunk space. All things considered I always use a trunk mounted battery.
I had a battery internally short out once, and was really glad it was trunk mounted! It still did a lot of damage, but it was damage in the trunk. If it had shorted out internally and was under the hood the mess to the engine, and engine bay would have been horrible to clean up, and likely meant replacing some nice aluminum and chrome parts!
Imagine this under the hood!
I lost my trunk mat. Had a couple days of neutralizing and stripping metal. Then repainting, and installing a new box and battery. I had just enough slack in my cables to cut off the ends and swage on new ends. So it wasn't a costly repair, and battery company replaced the battery free, but no assistance with cleanup or materials for that.