@ tonyappuk.
There is, as you say, no parallax or cropping problems when using a film camera lens on a didgcam and of course you do get what you see through the viewfinder ( given that most budget slrs only show about 95% or so of what you will finish up with because of their slightly undersized viewfinders
However, two factors come into play.
The first is the difference in area size between a frame of film and the sensor in a digicam.........the second is the difference in distance between the rear element of a lens on a film camera and the same lens on a digicam when measured from the film plane and the from the sensor.
The two combined mean that a film lens on a digicam offers a different range of focal lengths, in that it is extended by a factor of , typically, 1.5.
So, a lens designed for a film camera with a focal range of 70-300mm will, on a digicam, offer a range of 105-450mm.
That is fine for, say, photographing birds as you have an effectively longer lens to pull in those distant or small items.........but it does mean of course that you lose the wide end capability......widest now 105mm and not 70mm
The other snag about the film lens on a digicam combo is that aperture by aperture it alters the depth of field properties............you have same size apertures on a different size focal range which alters the ratio between the two and thus confuses your carefully calculated D-O-F properties, meaning that if you set f8 you will actually be working at something like f9.5
The upside of this camera-lens combo is that the sensor will be receiving light only from the central "sweet spot" in the lens which allows you to use the extremes of the aperture range without having the same concerns of edge fall off.
Lenses made specifically for digicams are of course adjusted by design and you do not get these various factors.
edit to add...oops, 7lm posted when I wasn't looking..
........will be back on that in a mo.