The reasons of why were stated several times in this thread. Just cutting the tank's length due to having a shorter engine is a major boon. Or, having more volume under armor for the same external dimensions and weight.
Those are the advantages. Now balance them with some of the negatives. Brand new engine..........trouble free or troublesome?
Air cooled engines in a steel box with a fan? Please note that the British failed in rather spectacular fashion to figure out how to use a fan (or fans) to cool a liquid cooled engine,
twice. People had been using fans on liquid cooled engines in cars and trucks for over 30 years. Granted on the Crusader it was the 'details' like the fan drive system failing/breaking in under 1000 miles (miles not hours) as much the more common "leaks" but still. They had changed the fan/fan drive on the Crusader from the system used on the older Cruiser tanks to use two small fans vs one large one. Maybe they got enough airflow, I don't know. But using an open to the air chain drive (with oil) around sprockets in a tank operating in the dessert turned out to be a bad idea.
Note that often the radiators/ducts and fan/s took up more space than the engine did.
Oddball cylinder layouts are not a guaranteed failure, but they increase the odds.
Many 1930s and early 40s tanks did NOT pay attention to servicing the engine in place.
Do you know why that 3 cylinder engine in the aircraft was located with the single cylinder up the other two splayed out to the sides instead of the other way around(single straight down)? It is because a single cylinder pointed straight down has a bigger chance of oil fouling the spark plug/s.
Granted cutting off the bottom cylinders of a radial solves that problem
If you need more room to work on an engine than a 'proper' 6 cylinder or V-8 (most everything should have been arranged (often wasn't) to be reached from the top with a W or multi bank engine some of the space saving disappears.
Airplane engines don't usually have flywheels. They depend on better balancing, low rpm, vibration dampers, layout and yes, the propeller, acting as a flywheel to average out the power pulses and smooth out the engine. In the 1930s cars and trucks also used heavy construction to help dampen out vibration, or at least help survive it.
A lot of what we know now was unknown in the 1920s and 30s. In the 1950s and 60s nobody was making a 4 cylinder car over 2.2-2.4 liters. The engine vibrated too much to be comfortable. Mitsubishi refined the idea of the balance shaft from Frederick W. Lanchester of 1909 in 1975 (using computers) to make a smooth engine in the 2.4 liter range.
Worrying about crew comfort in a 1930s tank seems a little silly at first. But how well do you want the crew to fight after a 6-8hr road march? or even trying to tend to end of the day maintenance? For a less human perspective, and engine with less vibration doesn't vibrate things loose or crack/break things on the engine or tank.
This is one reason for using 6 cylinder engines in light tanks even though it might be possible to use a large 4. V-6s don't balance as well as inline 6s.
In the 1950s and 60s they knew a lot more about vibration. How to design better rubber mounts, how to design certain parts of the engine, how to balance moving parts better and so on. What they could do in the 1950/60s may be different from what would have been a good design in the 1930s.