I have not successfully recovered from being raised by a raging alcoholic, so in that sense, I think that this isn't about beliefs for me, but something closer to objective knowledge. Certain individuals simply shouldn't use it. Maybe it does work for some, but I haven't met that many people like that.
Would I regulate it? I guess a view I come to some times, is that you should be completely free to do as much as you want, but you shouldn't have kids if you do. Think about it, society allowed my father to drink a giant pack of high alcoholic volume beer every night, and he become cantankerous to the point where I could not really study for school, at times. He finally had to quit, when diabetes kicked in, way later. But if I bring up what he was like, he will still say it's my fault if I didn't get enough sleep, if he was yelling or something.
With any problem I have had in life, he always said 'it's your choice' to succeed or not, up to and including my trying to study, when he was arguing all night with my ma. Alcohol fueled it, but society does not care
So the point is, I think you can do whatever you want, but the application to have children should probably assert some stricter regulation. A question on it might say something like, 'do you drink a giant pack of beer every night?' If so, how does that make for good parenting