I used polyester plates for about 10 years at my last workplace. Worked great. We used Mitsubishi 8 mil plates on a Mitsubishi SDP-Eco 1630II, which is a good machine and uses little chemistry. We had a Panther before that, and a Linotype before that (and used 3M plates). It's the way to go for small printers, in my opinion. Occasionally, there would be some stretch, but the Mitsu plate material was pretty stable. The pressman could output another plate in 2-3 minutes, if necessary.
In my new position, we go CTP to aluminum plates. Fast-paced environment and go through a huge amount of them, but all is recycled. The RIPs are very similar, but we are stochastic here.