What is your view on this?
It's not something that I would personally do, but if other people want to, then that's fine by me. Just make sure that the piercer is VERY hygienic. The last thing you want are disastrous results. 
Anyone experience piercings for sexual pleasure?
Nope. But I do have a quote here from Janet Jackson. LOL Kim: Which of your piercings hurt the most when you got it done?
Janet: I’ve had my septum pierced.My nipple pierced. I still have my navel pierced. I’ve had my “Down South” pierced.
Kim: Wait, the Clitoris or the Labia?
Janet: They say it’s not good to pierce the Clitoris because if they don’t know what they are doing, there’s a numbness that you can experience. And you will never get that feeling back.So they’ll pierce just the labia and you get the same sensation. We used to have piercing parties, and we’d all get something done.All my friends would come to the beach house.And Rob, the body piercer - we’re still good friends- would pierce us all.Getting my [nasal] septum pierced sounded like putting a knife through leather, so that was the ugly part of it. You know how sometimes your eyes just tear.There’s no pain, but your eyes water. Others, you inhale and you exhale and then it’s done.But this one was probably the most difficult i would say, worse than the one down south.