I prefer plain edge for 90% of my cutting tasks but because of the difference in edge retention between se and pe H1, I always carry and use a se Pacific Salt when kayak fishing. Main use is cutting line and gutting and gilling fish while out on the water. I have recently been trying the manix 2 LW s110v on the water and it has really opened my eyes to some of the advantages of serrated edge that I was enjoying without really realizing.
For example, when I only have a couple of small snapper, I tend to gut them and remove the gills right there on the water. There isn't much space on a kayak so cuts need to be very short and precise from a safety standpoint. When removing gills, you have to cut the cartilage where the gills meet the throat/chin. This is very tough material and even though I sharpen the pe manix at a very course 600 grit finish, it wants to just slide over the cartilage. I have to apply way more pressure and make a bigger cutting motion than feels safe...especially when I'm working between my legs with my feet hanging over the sides. With a se, it's a completely different story. The teeth catch that area and I can make a quick and controlled 2" pull and it cuts right through. Huge advantage goes to se for that particular job.
So yeah, I would rather use a pe 9 times out of 10, but on certain odd jobs a se is capable of performance that a pe simply cannot match. I have about 20 knives right now and only two of them are serrated, but those two get plenty of use.