New As far as morality goes remember you're a magician by default you're a liar and a cheat.
Of all the mentalities I wish would go away, this is one of the biggest.
What are the pros vs cons of performing magic for camera?
A definitive list is probably never going to happen, but I just so happened to read something yesterday that pertains to your question. The Darkest Corners by Neil Kelso and Ben Hart. In it they talk about how Ben uses a camera during his stage show, and that this is not something that is commonly done.
A very brief paraphrase of the section is that using a camera on stage allows you to take a smaller act (any 'prop' smaller than a human is not going to be visible to the people in the back of a large auditorium) and allow the whole audience to experience it. You can also use camera movements (Pans, tilts, zooms) to allow you to hide certain 'dirty' actions like ditches, switches, palms, etc. The key is not to focus solely on either the in-person interactions or the video interactions, but to combine both to be an engaging narrative either way.
Another example of this is Penn & Teller. They have a piece where they bring an audience member up on stage, give him a camera, and project what that camera sees to a screen. They do it as a sort of expo on misdirection and controlling the frame and it's really entertaining. Sort of a Paper Balls Over The Head on steroids - the bulk of the audience experiences one thing, the volunteer on stage experiences something totally different due to the restricted perspective.
When you're performing for a camera you have something you rarely have elsewhere - total control of the perspective. Some people are going to say it's not 'real' magic if you're just using that frame, but I personally disagree. Magic has always been about controlling perspectives and magicians have always been using technology as much as possible to do what they do. Not to mention, magic and video have been tightly interwoven from the very beginnings of video recording. See:
My personal opinion is that anything that utilizes the restriction of perception is fair game, but you should be able to reproduce the experience live whenever possible. Meaning - editing the video with special effects or cuts is 'cheating', because that means you can't allow an audience to experience the same thing if they were there live. But ditching off camera, using gimmicks, using a limited frame, etc. are all fair because you can do those things live. Jibrizy's sin wasn't that he used camera 'tricks' but that he fabricated the whole experience. What the people in the video were experiencing was 100% fake and unable to be reproduced live. Same thing happened when Criss Angel's videos were exposed - it's not that he was deceiving people, it's that he was deceiving people in a way they had not agreed to.
The biggest 'con' I would say is the scrutiny. People can't rewind a live performance, but they can and will re-watch videos. All the popular magic videos have at least a few comments like, "I got it on the third watching" or "slowed down to .25 and it's obvious" or whatever. Whatever method you use has to stand up to not one, but repeated viewings and probably at different speeds. I think this is why so many social media videos are just displays of skill, or basically just executing the method of a gimmick and calling it "visual magic". While this can be a way to build a presence in the magic industry, I am fairly certain that it has little traction with laymen and what they end up remembering are the videos that engage them with a narrative.
One last thing - flashing. There is absolutely no excuse for uploading a video that flashes the method. None. I don't care if someone has done a hundred takes and what ends up online is 'the best one'. I can't stand how many videos I've seen that have flashes in them. This is pure, unadulterated laziness. If one cannot execute the method well enough to hide it from a camera, one has no business publishing that performance. Delete the video and do it again until it's right.
I lied, here's another last thing - The internet is forever. It's a good idea to always keep in mind that any previous upload could, some day, come back up.