I looked into SIPS before I built my country home about ten years ago. When done properly, the advantages of SIPS are quick erection time (if the erection crew is experienced with SIP construction), great insulation, extremely low air infiltration, and good soundproofing.
When done properly, the main disadvantage is higher material cost. If the erection crew is not experienced with SIP construction there may not be any labor savings. The labor needed for electrical wiring on exterior walls can be less with SIPS if the wiring is done in chases formed into the panels when they were manufactured. Electrical wiring will require more labor if chases are not formed into the panels when they were manufactured. Having the chases formed into the panels when they are manufactured obviously required that the all the details must be planned in advance and given to the panel manufacturer. The cost of transporting panels to your building site may be a problem if the manufacturer is a long distance away.
To use SIPS to the best advantage both the walls and roof need to be made of SIPS. The roof is generally constructed with a ridge beam and long SIP panels running from the walls to the ridge beam. Trusses are generally not used. If a conditioned attic is not wanted, it isn't uncommon to use SIPS for the walls, then use conventional truss construction for the roof. This compromise reduces cost, but sacrifices the air tightness of 100% SIP construction.
I tried to get some cost comparisons before I built. I couldn't find any builders with SIP experience. The best answers I got were "you have to look at the total costs over the life of the building" or " it will only add x% to the total cost of your project. This doesn't sound too bad until you consider that the framing/sheathing/insulating portion of convention construction is a relatively small portion of the total cost of building a new home.
SIP construction has been around long enough that it must be OK when done right. However, when it isn't done right it can be a mess. What air leakage that does happen with SIP construction is mainly through unsealed joints between the panels. If these occur in the roof, the edges of the panels can rot from the moisture leaking out. If a panel delaminates from a manufacturing or installation defect, it can be a problem.
You might want to start by looking at the Structural Insulated Panel Association website
http://www.sips.org It has a great deal of information including links to manufacturers and builders in your area (if there are any.)