Usually the plastic reflectors perform better than aluminium ones, and have the extra advantage that they can not short out the emitter. Two downsides: if the reflector is part of the assembly that screwes the pill tight in the head, it will deform when screwed too tight (I had that in a cheap Ultrafire light), and if it is part of a hot-rod-mod, it can melt.
Plastic reflector are ok, but just remember this, you will never find a plastic reflector in a Fenix, Nitecore, or any other high end flashlight. Care to take a guess why?
I actually like a good plastic reflector, like the one that comes (or used to come) in the ZY-T08. I'm not sure what you could melt it with...it looks like a sort of fiberglass/resin. It doesn't melt when directly in contact with an MCPCB with either an MT-G2 at 10A or an XM-L2 at 6A...so I don't think heat is an issue. That said, there are tons of different types and qualities of plastic out there so I wouldn't say they all are good, but I wouldn't count one out just because it is plastic!
I prefer a well made aluminum reflector, but not many lights actually have well made ones. Plastic is fine, but I prefer the finish on a good aluminum reflector.
Plastic reflectors are in no way worse than metal reflectors. Sure you can get poorly made plastic reflectors, but you can also get poorly made aluminium reflectors too.