I have had a 2stroke frame mount for over a year now
it is a good entry point into the world of motoredbiking (inexpensive)
the main hold back is weakness of the engine (mostly bushing/wristpin failures)
I like the ascetics of a frame mount as well as still being able to use the back for carrying things
as soon as I can afford it, I would love to go 4stroke frame for the reliability factor
but, the 2stoker has taught me much that I can still use if/when I move up the engine chain
I'm in the same boat. I have 2 Happy Times a 50 and a 70cc from Thatsdax. I love the way they look and run plus I can afford them. This was all new to me 6 months ago.
Going 34 mph WOT on a bicycle is fast enough for me.
I have noticed that one people go rack they never go back, but I like the "motorcycle" look.
I make friends everywhere I go on my bikes. These things are very personal, because "I built it,and it has my personal touches" with a great deal of influence from MBc. If you parked my bikes next to each other you could easily tell which was built before I joined and which was built after I joined. Many of the guys here have gone way above and beyond the call of duty in helping me.
The questions you ask are like asking which do you prefer, a Ford or a Chevy, a pick up or a Corvette. I've owned 4 fords 1 chevy and 1 buick. I wish I had my Chevy back. It a vaild question but even if 90% of us love our frame mounts YOU might prefer a rack. It's really a personal choice.
I would like a 4 stroke so I didn't have to mix fuel.
This may sound like I'm being a smarty pants, but if they're gonna make a frame mount 4 stroke, they gotta make it fit in the frame and leave room for the pedals. Heat isn't an issue because you are moving air over the engine. Look at motorcycles with their big engines, I've never been on one but I bet they get pretty darn hot.
The first time you brun your left calf, you'll learn to wear jeans.

Good luck.