The biggest problem from aluminum of the past was expansion and contraction loosening the connections over time and causing arcing in branch circuits, The POCO has been stringing up aluminum for years, yes some of the older stuff has given us problems over the years but as has been stated above, the alloys that are out there now negate all of the major problems from the past outside of continuous wet/damp location corrosion of bare conductors.
As was stated earlier SER is not allowed underground and at least one member basically said " The NEC says no so don't do it" However I always like to know "why?"
The "why" of the subject is that Aluminum is extremely reactive to minerals, especially salts, as stated above it literally does turn to mush in damp environments, you end up with a white mush or powder if it has dried and because SER had a bare neutral is the reason for the rule, and which is why we strictly use copper in coastal applications at the POCO.