All builders use PEX here. Easier, faster, needs much less fittings than copper. Our house is about 98% PEX. PEX pipe now comes in blue, red, and white. I wish I'd know about this when we built as I would have spec'd color coded pipe. It's great looking at newer jobs where you instantly know which pipe is hot and which is cold.
There are 3 ways to crimp PEX.
1. The absolute best is the expander type, which is only used for Wirsbo branded ProPex pipe, fittings, and rings.
http://www.pexsupply.com/ProPEX-Expander-Tools-Heads-31000
It expands the pipe, and the "memory" of the plastic squeezes down hard enough to make a permanent connection. In tests, the crimped fitting was stronger than the pipe itself! And the best thing is is doesn't reduce the ID so no reduction in flow. You can use other fittings with Wirbso pipe, but not the other way around.
2. PEX crimp rings. These are copper rings that are squeezed onto the fitting that sits inside the pipe. Pros: crimps rings themselves are cheap. Cons: you need a crimping tool for each size pipe you're using, so one for 1/2", one for 3/4", etc. The tools is less expensive than the expander tool, but more than number 3. Some have long handles which make crimping easier but more cumbersome in tight quarters.
http://www.pexsupply.com/PEX-Crimp-Tools-Rings-694000
3. PEX pinch rings. These are stainless steel rings that squeeze onto the fitting, being held together by the "spring" of the bent metal. Pros: you can remove the ring by popping off the flange with a screwdriver if you need to redo anything, though you can't re-use that piece of pipe. Crimping tool is different than 1 or 2, but only one tool for all sizes of rings. Crimping tool won't release until you've squeezed hard enough to properly pinch the ring. Cons: the rings themselves are about twice the price of copper crimp rings, and the crimping tool can be rather short. I about popped a hernia trying to crimp an undersink fitting, lying on my back in a tiny cabinet. I couldn't get great leverage with a short handled crimping tool.
http://www.pexsupply.com/PEX-Clamp-Tool-Clamps-360000
I use pinch rings for my homeowner use. I'd rather pay more for the rings than have $ sitting in crimping tools I'd rarely need. But if I was doing large project, I'd be sorely temped to use the Wirsbo system.
Resistance to flow in a pipe is inversely proportional to the diameter. IIRC the formula is radius to the power of 4. Inside pipe fitting do increase resistance so it's better to minimize them, but since the fitting makes up only a small percentage of the total length it's not as much of a problem as you'd think. So a 3/4" PEX pipe with a bunch of fittings (they're 1/2" ID) will still flow more than a 1/2" Wirsbo pipe.