Pro's
Better lane keeping, and you'll probably feel more comfortable as the car isn't as wide.
Better ability to stop for stationary cars like fire trucks, and police vehicles. Not that you should trust it to do so, but just that it might be better at this.
Con
With AP1 you probably don't experience much if any phantom braking. With AP2 you'll experience it a lot more. In the insurance institute test they encountered it TWELVE times. Yowsers.
Unknown
We don't know how well it stops for pedestrians.
Keep in mind that when you take delivery not to pay too much attention to it. In a month or two version 9 will be released, and it's likely going change things quite a bit. I expect things like blind spot monitoring to get MUCH better with AP2, but AP1 won't change in that regard.