Dynamic linking is also great for compile time of debug builds. If a large library or application is split up into smaller shared libraries, ones unaffected by changes don't need to be touched at all. Runtime dynamic linking has a small overhead, but it's several orders of magnitude faster than compile-time linking, so not a problem in debug builds.

for developer turnaround time, it is huge. we explicitly do not statically link Ardour because as developers we are in the edit-compile-debug cycle all day every day, and speeding up the link step (which dynamic linking does dramatically, especially with parallel linkers like lld) is a gigantic improvement to our quality of life and productivity.