Undertaking a comparison of PS and laser scanning is precisely what I am up to. One factor is obviously cost. Most natural history institutions are small and resource constrained. So the comparison is between a NextEngine scanner and PS. Based on my calculations, all equipment included, PS is cheaper by a factor of at least 2 and as much as 8. Moreover, a DSLR camera, tripod, basic lighting is already on-hand at almost every natural history institution, so the cost gap is wider in reality.
For bones on which points are easily detected, basically anything that's not white and not both narrow and cylindrical (worst of all, white, narrow and cylindrical), PS is absolutely ingenious. With 65 photos I can capture a complete human skull fantasically. With 80 I am certain to get no holes. On a manual turntable shooting each orientation with the interval timer, I can complete image capture in about 10 minutes. More importantly, I get good results as long as I take decent photos. I don't have to be perfect. If I raise the skull off the base and shoot against a black background, I can complete masking in 15-20 minutes (mask base and bottom edge of skull with rectangular selection, mask the holes on the sides of the skull (temporal fossae) with magic wand). Plus, I can process all images as a single chunk without trouble.
Have a look at the attachment. It's one of the first models I built, a couple of years ago. The image capture is terrible. Uneven lighting. Glare. Shadows. Areas out of focus. Etc. But the model is fantastic. I was hoping things would go this well no matter what specimen I used.
Still working on modeling the difficult specimens based on some of the suggestions in this thread. The results aren't great. I'll report back soon.