pro: some might say the coating might get in the food you're slicing so they strip it for safety but that's highly unlikely. it's mostly for looks/personal preference.
cons: the metal is now more vulnerable to rust and will require more oiling or forced/natural patina. the patina is just like the original coating - it will wear away just as easily, if not easier, than the original coating when used heavily with wood processing.
side note: 1095 and rust has been way overblown in my experience. last time i oiled my 1095 knives was when they were brand new. i just make sure it's dry before putting it in the sheath and no rust problems at all...others with safe queens might be different though.