I looked into fertigation but rejected it for the following reasons (which may or may not resonate with you):
1. Distribution Uniformity. No irrigation system has perfect distribution uniformity. Neither does spreading fertilizer with a spreader, but it seems a lot more uniform than irrigation.
2. Overspray. I haven't evolved into drip irrigation, where fertigation might be awesome. With spray, on the other hand, there's always some degree of overspray that will get onto fences, sidewalks, driveways, patios, and your house. Do you really want to be throwing fertilizer onto those surfaces over time? Maybe it washes off in the rain, but to the degree it doesn't it might start looking like a hardwater stain over time.
3. Backflow prevention. Murphy's Law. Is it worth the risk of it going wrong?
The main advantage seems to be that it saves you from running around with a spreader, so there is that advantage.
Anyway, hope that helps.