Right, but the NEC spec arc fault as well (i've only seen this on breakers). recepticals are cheaper and otherwise just as good.
Because NEC 210.12 requires all devices to be protected. Which means if you have a switch or splice before a plug the only way to protect those is with an AFCI breaker. The only exception is a continuous run from the breaker to an outlet in metal conduit or MC cable. Given how much is romex this effectively forces AFCI branch breakers.
I find that receptacles tend to break prematurely if they are wet locations, even if 'protected' with a weatherproof box etc. You also need to know where the receptacle is and make sure it is accessible instead of behind a piece of furniture etc. Then some electricians misunderstand and put receptacles throughout the run (much more expensive than one breaker which is about 2x a receptacle), and in edge cases you need to know the order in which to reset them to get things working again. I much prefer to just have everything in the panel.