It depends a lot on what you're working on. If you are building a front end with PHP as your templating language, then yes, the ability to instantly see your changes is huge. In my experience, when working on back end, the difference isn't that significant because you really want to be using unit tests anyway, not constantly interacting with the front end to test your work. In those back end cases, having a strong type system makes a huge difference.
I'm working on a project that has a legacy PHP code base and a new JVM code base. What kind of naturally happened is that we end up doing most of our front end work in PHP and all of our new backend work on the JVM.