Human beings are notoriously bad at sweating the details. Accordingly, any kind of hand-hacking of programs is a rich source of delays and errors. The simpler and more abstracted your program specification can be, the more likely it is that the human designer will have gotten it right. Generated code (at every level) is almost always cheaper and more reliable than hand-hacked. We all know this is true (it's why we have compilers and interpreters, after all) but we often don't think about the implications. High-level-language code that's repetitive and mind-numbing for humans to write is just as productive a target for a code generator as machine code.

It pays to use code generators when they can raise the level of abstraction that is, when the specification language for the generator is simpler than the generated code, and the code doesn't have to be hand-hacked afterwards.