I run a fairly busy popular news site. We get an average of 100k unique visitors per day, which sometimes increases if a story is particularly popular or something has gone viral.
Our hosts are sometimes unable to cope with surges in traffic.
Last night the server completely grinded to a halt. The reason, according to the engineers, was that Bing, Google etc were all crawling the site a lot at the same time. He took it upon himself to add a crawl delay to our robots.txt file of 30.
I'm of the mind that if the server can't handle lots of crawling activity, it needs to be upgraded to one that can. Are there any negative SEO/ranking considerations when using a craw-delay? I'm going to suggest they upgrade us to a more powerful server, and remove the entry from our robots file.