I just heard last week from a sales rep that there is new electronic ignition that is coming out for certified engines that could potentially get rid of the existing Slick and Bendix mags. It should be on the market very early in 2018. The price is going to the same or lower than buying new Slick or Bendix mags. It may be less than the cost of a P-Mag. The mags will not require a 500 hour inspection or any other intermediate maintenance and will be able to go the full TBO of an engine. The only moving part is the bearing. They are plug and play; matching to your existing harness and require a one time setup to time them. It sounds like the setup is just like doing the P-Mag (very easy).
One big advantage will be not having to do the 500 hour inspections, you will eliminate the expense of this 2-3x in the TBO of an engine. Like you said the 500 hours inspections can be very expensive, especially if any parts need replacing. I do my own 500 hour inspections, so I may keep my Slick mag, but I may consider buying one of these to go along with my P-Mag.
You might want to wait a couple of months for the introduction of this new mag. The rep said every FBO he has visited wants to buy some of these new mags right now.