US Optics website has a good tutorial.
2nd plane reticules still allow ranging, but any ranging reticule is calibrated at a single power within the power range, so you typically can't zoom in at max power and range -- normally they are calibrated at a mid-power setting.
If varmint hunting or going after very samm targets, 2nd plane reticules have advantages since the cross hairs don't cover as much of the target.
For human sized targets out to reasonable distances, 1st plane reticules have advantages, but they tend to be costlier. I'm not sure if it costs any more to mfg them, but typically they are offered in only European or high-end US manufactured tactical scope lines, and you'll pay along the way (but you also get better glass, better shock protection, etc., so it's not a given that the cost delta is driven by only the reticule/magnifier design).