Dot and dab / board will be a pain to fix stuff back to, especially anything heavy like shelves, kitchen units. There are special fixings but its still a pain.
Plenty of contractors still do 2-coat plaster. I’m currently working on a restoration involving clay plaster, plaster and lath, GRG, allsorts! You will need a proper plasterer though, not a dry liner (which this bloke probably is) who can do a final skrim on board and thats it.
There’s also a multitude of renovation plasters to deal with different substrates, especially where damp is a concern. Find a specialist who knows his stuff, and get it doen properly. Wont be the cheapest option, but will last another 150 years. Or go dry lined, cheap but not as robust.
The only advantage to dry lining in a terrace is that you could incorporate an acoustic board to cut down noise transmission if this is likely to be an issue.