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I never considered a C & R license as the vast majority of my stuff is pre 1899. It is something worth considering I suppose. The potential for an ATF audit has held me back.
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The C&R is well worth the money if you buy a lot of guns that are 50 years old or more. And if you buy more than one gun on it, it has paid for itself. You may run into some fuss with sellers that wont accept them. But most do.
The ATF would have to really have nothing to do to audit C&Rs today.
The last time I had an audit for my FFL (which was after being in business for 8 years mind you) the investigator told me that his office, which covers half of our state had not visited a C&R in about 15 years. Before that they were only supposed to visit 3 per year.