Properly initialising variables in modern C++ (C++11 and above), using () or {}?

Scott Meyers has a fair amount to say about the difference between the two methods of initialization in his book Effective Modern C++.

He summarizes both approaches like this:

Most developers end up choosing one kind of delimiter as a default, using
the other only when they have to. Braces-by-default folks are
attracted by their unrivaled breadth of applicability, their
prohibition of narrowing conversions, and their immunity to C++’s most
vexing parse. Such folks understand that in some cases (e.g., creation
of a std::vector with a given size and initial element value),
parentheses are required. On the other hand, the go-parentheses-go
crowd embraces parentheses as their default argument delimiter.
They’re attracted to its consistency with the C++98 syntactic
tradition, its avoidance of the auto-deduced-a-std::initializer_list
problem, and the knowledge that their object creation calls won’t be
inadvertently waylaid by std::initializer_list constructors. They
concede that sometimes only braces will do (e.g., when creating a
container with particular values). There’s no consensus that either
approach is better than the other, so my advice is to pick one and
apply it consistently.