Yes and no. DwarfLab has announced a mosaic mode that would remove most of the need for equatorial mode. It will be interesting, if they ever ship it, to see which works better. But in both cases, you're stuck with the slow acquisition times of the Dwarf 3. So, take your pick. Personally, I've decided that a lower resolution scope with mosaic mode is better for my purposes (S30, S50).
The EQ mode lets you have longer exposures. But, even with less than one degree from perfect polar alignment with the Dwarf 3, I haven't had any luck with exposures longer than 45 seconds. Even that is a huge improvement over ten or fifteen seconds for alt-az mode, but it isn't amazing, and you probably need a guided scope to get much better. The other advantage of polar alignment is pointing up at altitudes higher than 80 or 85 degrees. This is real and is a real advantage...sometimes. Most of the sky isn't going to going to move higher than 80 degrees. It hit a lot of people when the S50 received it's mosaic mode, but that was because everybody was trying to capture M31, which does happen to pass close the the zenith for a lot of folks, myself included. But for any targets a little further north or south, this isn't an issue. Keep it in mind, but don't get worked up about it.
Now for the disadvantages. These are based on my experience and are also subjective.
The equatorial mode is a pain to get aligned decently. DwarfLabs have done a decent job simplifying it. But, in order to make it easy to get a basic polar alignment without a ton of trouble, they've made it very difficult to get a good polar alignment. They also put a very nice sensor into the D3. But it overpowers the small 35mm aperture of the scope, so that getting the kind of captures the scope is capable of takes a very long time. And don't get me wrong. If you give it enough time, the Dwarf 3 is capable of making extremely pretty pictures. It's guiding is pretty good, and the rejection rate of even 45-second subs, is low. If it weren't, the acquisition time would be even longer and too much for my tastes.
But the lower resolution solution of the S50 or S30, with mosaic mode is probably better for most folks. Again, this is my opinion. The mosaic mode, as implemented, is very easy to set up and removes field rotation artifacts and walking noise from images. With this solution, you have a lower resolution sensor that is going to capture an image much faster for a small target. Even for smaller mosaics, you can capture them quickly.
Last month, I did a 45-minute capture of the Pleiades that was just slightly larger than normal at 2496x1404 (compared to the standard resolution of 1920x1080) This gave me a nice open area around the cluster, and let me use the mosaic advantages of no field rotation or walking noise. If I'd used the Dwarf 3 to do the capture, it would have taken longer because I would have been capturing a wide-field 6 MP image. Then I would have cropped it down to what I actually care about.
You should make up your own mind, and I don't expect you or anyone else to agree with my opinions. But to me the perceived advantages of polar alignment are rapidly disappearing.