I'm a big fan of the Electrovoice mics on vocals and/or guitar, and I like the Beyers (M-88, M-69, M-201) a great deal on drums.
Dynamic mics tend to work really well when you're close-mic'ing. Espcecially if it's a somewhat loud source. Which is probably why you see them all over drum kits and guitar amps (and the more aggressive vocalist).
They tend to be somewhat more musical and forgiving; helping to smooth over (or ignore?) some of the minor imperfections present at the source. In a subtle way. Things tend to have a more compressed quality to them, with a slightly limited bandwidth. This can help something to sit and gel a little better in the context of a mix, if used properly. The midrange is where they typically excel, and this is where most of all music resides anyway.