Here's my understanding of plastic guide rods. Many are actually nylon, not plastic. They seem to absorb blows and return to their original shape, instead of bending and making the gun inoperable. Imagine my surprise several years ago when I dropped my weapon on the cement floor of the range. The slide had been locked back and the gun was laid on the counter while I loaded up some magazines. I placed my range bag on the counter to retrieve some ammo and when I removed it, I accidentaly slid the gun off the counter onto the floor. I picked up the gun (a Beretta 92G) and noticed the scrape on the slide and that's all the damage I saw. But the slide would not go completely forward. I disassembled the gun and rolled the metal guide rod accross the counter and could clearly see that the guide rod was slightly bent.
My experience is with both S&W and Beretta pistols. I have fired many thousands of rounds with both metal and "plastic" guide rods with no rod related failures of any kind.
I note that one person in this thread commented on improved accuracy with a metal guide rod. I don't see how the guide rod could affect accuracy. Perhaps someone can comment on that.