They do leave a nasty mark, but they also have the massive benefit of delivering the pressure at 90 degrees to the glue line.
The problem with band clamps is they're actually trying to turn your square or rectangular frame into a circle. You can get away with it on heavier frames, but on lighter frames you can see as you tighten up a band clamp that the outside of the mitre joints will be tight, but the inside of mitre joints start to open up, the reason is the band clamp is bending the frame sides out in the middle.
You pays your money and you makes your choice.