Spikes, no spikes...I just did a day of coconut 'denutting' at a hotel...spikes all day, no access for a bucket. The palms have obviously been spiked many times before. The old spike areas were much harder than the surrounding tissue.
However...I did a coconut the week before with a bucket...there was a big hole in the trunk about 3' below the crown, the trunk is completely rotten inside almost the full diameter and 2' up and down...could possibly have been an entry point for a pathogen from a spike hole...
I'll spike casuarinas, invasive trees anyway, FULL of water...a few months later you can barely tell where the spikes hit.
When pruning anything else its a no no, many other species do not deal well with spike holes, it looks ugly, possible entry point for pathogens and unless its a straight up and down, spikes get in my way.
Use them when you need them....