I had a discussion today with a couple peers about this. We are in the wiring and interconnect business and between the 3 of us there was about 87 years of experience and best practice discussed for close to 30 minutes. Education levels included EET, EE, and Masters in Physics. We discussed test methods for both fuses and circuit breakers, systems installation best practices and what ifs. We also discussed things like standard CB in flight reset procedures, i.e. only once, and fuse practicality with the risk of FOD etc. We could not come up with a reason to use fuses over CBs for any reason other than cost.
Granted fuses are cheap and CBs are pricey at @ $20 each. If fuses are a better way then why do aircraft manufacturers from Cessna to Boeing use CBs instead of fuses?