A bit tired of the analogies of the fact that it is expensive.
Look you can drive a Rolls Royce to the corner shop to get some milk, or you can drive a beat up banger to do the same. Ultimately, it's your choice what you want to do, if you have the means to support it. Whether either is a good idea, morally good, technologically better, looks good, is a pointless question - it depends on what you want it for and everyone's motivation is different.
I love my Alembics and my Alembic gutted basses, and as former session player, I have one of each type of bass (mostly, still) for various kinds of sounds, looks, etc. There are times when a Stingray works better, my Rick works better, my Ibanez with EMGs work better, my Fender Js work better....most of the time my Alembics or basses with Alembic pickups will smack any other basses in a pure sonic performance contest, but in a recording situation it depends on the production, and in a gigging situation, it depends on the music, stagecraft and look, compatibility with the situation. I played in a Motown 'show band and revue' and the first few shows I took out lots of basses, and decided I was going to do the show finally with a Fender type bass - did the Alembic sound better to me? Yes, and the neck LEDS were great too... but....
Playability? Nothing on this planet beats an Ibanez SR neck for playability and I have played and still own a wide range of basses. Do I wish to play the Ibanez all the time? No.
Pricing is always what the market will bear. If it is expensive, and people are willing to pay for it, the business carries on and Alembic has been in business since the late 60s/early 70s. If you sell snake oil, at some stage the detractors will pull out and the knives will be out, and eventually, the business is not sustainable and will close, cf. "Accugroove". Alembic is still thriving.