I have doubts that AC v DC is really an issue for low power spacecraft. As someone said, there is a transmission over long distance advantage that AC has over DC.
One distinct advantage that DC power has over AC is both the reach (radiated extent), and the change in electro-magnetic field intensity, as it interacts with things in the envroniment. Some say that high levels of low frequency emf (electro-magnetic fields) can cause cancers. To date this hasn't been disproven.. or so I think... but it's generally held that only ionizing radiation (wavelength on the order of the width of a water molecule and shorter) is understood cleary to cause cancers. If DC power distribution were better-done underground, maybe the landscape would look nicer than how it's done today.
On small scales, RF and microwave power distibution systems could be feasible.. lord know for what application, maybe a primary power collection center with remote modules or capsule for some interstellar expedition? Some lunatics got press time for proposing that we beam microwaves down from space (from solar collectors).. but it's doubtful that could happen for environmental reasons.
One thing that is useful about AC is that with electromagnetic coupling, the power is moved without a continuous conductive connection, which would have some advantage in a lightning strike.
One could come up with a longer list.. and argue this or that. In systems that use batteries, voltages can be converted up or down by various switching and storage techniques, more efficiently than other means, such as "voltage regulators". It doesnt really make sense to convert a battery (or solar) DC souce entirely into AC to in turn be converted back to DC for use by DC circuits- taking the losses twice... however I'd reserve some doubt, that it may be possible in some vehicle that such AC power is more efficient for a some type of motor.
It seems in the realm of possibility that there may one day be an AC battery, but not in the near future. Maybe technology would evolve to that some mix of DC, AC, RF, Microwaves, and Light would comprise the 'power pipes' of the future.
Advantage and disadvantage depends on the context.. most people like to narrow it down to one context that is useful to them, with one rule of thumb to apply.