New here...I don't want to state the obvious but...
Pros - Pressure washing a deck (wood or composite) is very efficient and will remove more of the dirt, moss & grime than scrubbing by hand. Depending on how bad the deck is you may or may not need to apply any chemicals.
Cons - It is possible that some parts of the deck may be rotten in which case too high of pressure could blow out parts of the deck. This can be avoided by a quick but thorough inspection to all parts of the deck including hand rail prior to washing. The only other con I can think of is that if you have no experience doing this it is possible to apply too much pressure directly into the surface at close range which will destroy the wood even if it is not rotten.
Hope this helps some.
-sam