Local SQLite vs Remote MongoDB
One major risk of the SQLite approach is that as your requirements to scale increase, you will not be able to (easily) deploy on multiple application servers. You may be able to partition your users into separate servers, but if that server were to go down, you would have some subset of users who could not access their data.
Using MongoDB (or any other centralized service) alleviates this problem, as your web servers are stateless -- they can be added or removed at any time to accommodate web load without having to worry about what data lives where.