You may or may not be correct. There's not enough of them out there to really form an opinion. LiFePo are an option on our wheelchairs. (On a side note, we recently stopped offering a 48V version, which can officially do over 15mph. They are scary......wheelie from a dead stop. anyway ALL these big Li batteries have an electronics package in the box THAT CAN FAIL. The package "manages" the battery, which in reality is a bank of several batteries depending on how large the thing is. The fact that the news is not loaded down with stories of failures does not mean they are trouble free
There ARE pluses. Lots and LOTS of power for weight. Long life if properly cared for. You must be careful of charge, tho. Our powerchairs come with a direct connect emergency charger cable, because if the user runs it too dead, the charging circuit in the chair electronics can't figure it out.
I don't think you can "fast charge" these so you want to pay attention, unlike any sort of lead-acid