In my personal experience I can say it severly depends on your situation if OCM is a useful tool for your project or not.
The real problem in using OCM (in my personal experience) is when the definition of a class used in existing persisted data (as objects) in the repository has changed. For example: you found it necessary to change some members and methods of a class to match with functionality changes. By this I mean that the class definition of the persisted data object in the repository no longer matches the definition of actual class. When a persisted data is saved to the jcr repository it is usually saved in a format that java understands in terms of serialization. Which means that when something changes to the definition of the used class, the saved data in the repository can no longer be correctly interpreted by java. This issue tends to lead to complex deployment where you need to convert old persisted data objects to the new definition and save them again in the repository to make sure you can still use "old" but still required persisted data.
What does work (in my opinion) is using a framework that allows to map nodes and node properties to java objects directly (for example by using annotations) and the other way around (persist a java object to the repository as a JCR node where the java member fields are actual node properties). This way you stick to the data representation of jcr (nodes with properties) and can still map them to the members of a java class.
I've used a framework like this in a cms called AEM (of Adobe) before, although I must mention this is in a OSGI context (but the prinicipe still stands). The used framework basically allowed maximum flexibility and persists the java object as a JCR node and the other way around. Because it mapped directly to the jcr definition, code changes in the class and members ment just changing annotations, and old persisted data was still usuable without much effort.