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What are the benefits of migrating from Adobe ColdFusion to Lucee? I hear the migration itself is fairly smooth. Are there other benefits like more hosting availability, cheaper hosting, etc? What are people's experiences and what prompted you to do it?
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The migration should be smooth, unless you're doing something wacky in your CFML code that's not supported in Lucee. I don't do a lot with shared hosting so can't help you there. It seems like the best value proposition is when you're doing your own hosting - either on-premises or cloud - because you'll get the direct benefit of not having to pay for licensing. (I assume Lucee is free and open source, I could be wrong.)
Note that proprietary licensing does provide its own value in some cases, and might be a requirement in some situations. I suspect it would be difficult to get FedRAMP certification with an open-source product where you can't identify and protect the supply chain, for example. Also, support can be helpful.
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Talking of migration, I would recommend to you a water-hole frequented by all CFML species: https://cfml.slack.com