IMO the benefit of a boom is primarily the faster rate of transfer of fuel over time.
I have to agree on that. It's also easier to use in really bad weather as a good strong wind is less likely to cause the boom to fly around all over the place. Yet cost benefits I think favors the Probe and Drogue for the PLA, As there known fleet already uses it and it can be used by a wider range of vehicle types. more Tanker for the buck as it were.
There are certain mission profiles for certain aircraft, like stealth fighters, bombers, and strategic transports where such an attribute may be more attractive than using probe/drogue.
Yet all of these types have used Probe and Drogue just as well. F35B and C use Probe and Drogue, It's advantageous as you have the potential of having it on smaller tankers like Drones which are a smaller radar profile, unless you convert a Stealth bomber to tanker that is The British ( Historical V series ) and Russian Bombers as well as Existing PLA Bomber fleet uses it. Same for Strategic lifters. yes they need more time to tank in theory but one of the advantages of Probe and Drogue is that for larger tankers you can fuel 2-3 aircraft at once. Where there is only one on flying boom they have not yet figured out a way to mount more than one boom on a Tanker.
If the air force does adopt a boom capable air tanker I definitely do not expect every aircraft in their inventory to adopt the boom refuelling method. But there are some aircraft for some missions where boom refueling may be worth the extra development and implementation cost.
Prefect is the Enemy of good enough. It just seems that it would be a lot easier and more effective to focus on building up the established system IE Probe and Drogue and build up there tanker force with that.
I mean Advantages, A Y20 sized tanker could mount more than one line. 2 for sure 3 possibly, If can refuel just about anything with the probe from a tricked out Z20 to a Naval fighter so more mission types. And the system can be used by smaller tankers from J10's to future drones you have a system that can scale based on the mission and asset.
Of course I admit that a Boom can be modified to serve Probe and Drogue, the reverse is however not possible, but it seems to me that if they did add a boom to a Y20 Tanker it would likely never actually be used as a Boom.