Turkey bacon is mostly problematic in other recipes where the fat is a primary constituent of not just flavor but the structure of a dish. The first example that springs to mind is gravy; rendering the fat in turkey bacon will never yield the quantity it would in pork bacon. Also, for grease eggs, where you make bacon and then eggs and cook the top of the eggs by splashing the bacon grease on top, turkey bacon won't provide enough for this technique.
Turkey bacon also doesn't taste right when candied as it has less of an intense flavor to pair with the brown sugar. Turkey bacon does not really have the rigor when fried of pork bacon, so if you intend to plate with turkey bacon you would probably do well to bake instead of fry.
Those concerns aside, turkey bacon isn't pork bacon, but it works in the vast majority of situations just fine. That said, relative to the difference, you could also use fakin' bakin (or your own thinly sliced, marinated, and fried) tempeh strips if you liked those, and you'd be able to serve them on a cheese plate as they're vegan.