As a security professional, I firmly believe that an electronic lock is far superior to a mechanical dial. They are easier to use, easy to program, have a high success rate, and offer features that a mechanical lock is not capable of doing. Also they have proven to be more secure.
Before I was in the safe industry, I remember my first time trying to enter in the combination to my first safe. The key word is trying! Ten tries and 15 minutes later, I finally was able to enter in the combination correctly and get into my safe. Who has time for that? After that I was sold on the electronic lock. Entering in a combination on the electronic lock takes 5 seconds!
What’s even better is that you can change a code on the electronic keypad faster than what it takes even the most experienced safe dialer to dial in a combination on the mechanical lock. Also, with an electronic lock, you can enter your code and gain entry in low light. To change the combination on a mechanical lock, a safe professional must come out and change the combination for you. This can be a costly expense.
As a tip, look for safes with UL classified locks. Whether it is a mechanical dial or electronic lock, safes with a UL classification have been tested against wear and tear, and have proven extremely reliable. Also, there are different classifications given to certain locks. If the safe is a mechanical lock, the classification is called a “Group”. Simply put, there are two groups; “Group I” or “Group II”. “Group I” being a more secure lock, while “Group II” is a basic lock used on most home and gun safes. Electronic locks are classified as “Type I”. A “Type I” electronic lock is equivalent to a Mechanical “Group I” lock. A “Group II” Mechanical lock has a total of 50,000 usable combinations while a “Type I” electronic lock has 1 million usable combinations!
How are the electronic locks powered, you ask? In most cases, electronic locks take 1 or 2 9V alkaline batteries. What if the batteries die? In each lock there is a chip that retains your combination for up to 10 years in case of battery failure. This means you have plenty of time to put a new battery or batteries in, enter your code, and open your safe.

According to the lock manufacturers, it is recommended that mechanical locks be serviced once a year to maintain proper function. The average cost for this service is between $100-150 per year. The only servicing that is ever needed on an electronic lock is replacing the battery.
Electronic locks can offer some cool features that a mechanical combination dial cannot. Standard on most electronic locks is a lockout feature. After 3 unsuccessful attempts at opening the safe, the keypad will freeze up for five minutes keeping a potential thief out of your safe. Time delayed opening is an option often used by businesses such as gas stations and fast food restaurants to prevent someone who is holding them up a quick getaway. Duress is an additional feature that is wired into an alarm system that sends a silent signal to the alarm company that lets them know you are being held up at gunpoint. The safe will open but the police will be on the robbers trail quickly. Duress and Time Delay are available at a nominal charge.

Electronic locks are virtually manipulation proof, whereas mechanical dials can be manipulated. In the old days, safe cracking was an art that took lots of focus and concentration. While there are still technicians and that use this method, to open safes, there is a device that can robotically open a safe with a mechanical dial just as fast and much easier. In fact, these devices are commercially sold and most safe technicians own one. If this device falls into the wrong hands, the losses of personal property can be devastating. Here is a link to an article by Kyle Vogt called “On Robotics and Changing the World” that explains how 2 MIT students built a homemade, automated safe dialer, how it works, and how long it took them to get into a safe with a mechanical dial lock.