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Other than better black market prices and a roleplaying aspect, no added benefit of pirates. Unless you count everyone else hating you as a bonus.
1.) against the pirates, everyones enemy is pirates so you can get good rep with everyone else killing pirates instead of playing people off each other. decent mission selections most places.
Black market costs 2.5 million to join and purchases are 10x more expensive like 4 million for a heat exchanger making it less viable for a source of items.
2.) pro Pirates. cheap black market which during the campaign is the easiest source of rare mech parts and weapons. since you can't visit any faction HQ to ally with them and gain access to their stores. because reasons.
so I would recommend going pro pirates during the campaign simply because they are the only people I'm seeing stuff worth buying things from. after the campaign and the area opens up. well I'd quite and start career mode but in career mode I probably would instead ally with a faction or two and use their stores.
You should at least stay friendly with pirates so you don't get charged out the wazoo on the black market, but beyond that is unnecessary.
1. Lower price to purchase access
2. Lower price at the market
3. Access to their missions
4. Achievement (once only of course)
For myself in an Iron mode game, I have decided to do all Pirate missions for free in order to balance all the missions that are set against them. So far it's working out ok. Of course I won't ally with them because of the consequences.