Honestly, floor trusses are still the best option when you can use them. They use less material, are cheaper, and use solid sawn lumber. They also have room for mechanical chases.

Engineered lumber (Structural Composite Lumber or SCL) is stronger and stiffer than normal lumber; however it's also more expensive than trusses. Typically, we prefer to use trusses unless the strength of the SCL is needed.

The main advantage is that SCL can be more cheaply produced in deep sections (16-24 inches deep) and in long spans (up to 48 feet) than solid seen lumber. It is also straight and uniform. It allows us to avoid more expensive materials (steel, concrete).