I'm a retired EE, so I will give you an EE answer. I think this is a really good question.
A reflex mini red dot sight (MRDS) sight is a collimated (parallel) beam of light focused on infinity, visible through the optic 1 power (1X) lens. You see the dot superimposed on the sight picture, which includes the dot. Seeing the Dot is not dependent on dispersion (widening) since it is projected on to, and collimated by, the lens, just in front of your eyes. In other words, the dot is always there. Superimpose dot on target, press trigger to rear, Boom. Round lands where dot was pointing. Every time.
An optical laser is also a collimated (parallel) beam of light focused on infinity, but the difference is, it is not seen through a lens. This beam must rest on a target in order to be seen by the user. The laser usually has an offset, since the laser is generally mounted below the gun. This means the beam and barrel are typically not parallel, so they will intersect at some point, down range, then cross over. So you have to decide at what range you want your beam to meet your barrel axis. Obviously you can set up the laser and bore axis to be parralel, and live with the error, which is not large, but non-zero.
A laser will also have higher dispersion, since it is in free space, not being focused by the lens. The imparted energy of small battery powered lasers can also be affected by atmospheric conditions (e.g. smoke or fog). This makes longer distance shots (25 yards+?) perhaps more challenging, since the dot may just wash out on you.
You may have issues discerning the laser dot when projected onto certain colors (imagine a green laser at a golf course, as an extreme example. A more realistic example would be projecting a laser onto say a human form, wearing a checked or plaid shirt.) When using a laser, you are focusing on the target, but you have to "see" the dot on the target in order to press the shot. If your target is small, and there are no other objects at the same range, landing the beam onto the target is going to be tricky, since you have no visual cue, other than when the laser intersects your target, and you can see it.
Reflex red dot sights have none of these disadvantages. They are however more involved to build (and thus more expensive) since they include a laser emitter, a lens, an optic body and additional electronics to control brightness, reticle type(s) and other settings. Lasers are (relatively) simple and inexpensive, but MRDS offer objectively better performance than a laser mounted in the front of the gun.
(Anecdotal, but I'd say literally every single time I'm at the square range next to someone with a laser, their target looks like Swiss cheese. I don't mean to say that you can't do good work with a laser, I am just saying that I see people at the range who don't seem to have their shooting ability enhanced by using one. YMMV, of course; I'm not trying to insult anyone.)
Based on using four dots on various guns (G34, G48, G19, P365X) since 2020, the MRDS I put on them had zero impact on my ability to carry, concealed or otherwise. Modern MRDS are just not that large, or that heavy, to make any perceptible difference.