@siastored@larsfloe in v1.2.0 it is still recommended that you keep the files locally. I understand that this defeats the purpose of using the cloud for most cases, but it's also the highest thing on our priority list.
If you need to keep your files locally, what's the point of having an option to 'download' files? Or more generally, what's the point of Sia?
Currently if you use lose the metadata you are SOL. We have plans to make it so that you can recover everything - the contracts, the metadata, and the files themselves - using just your wallet seed. This is probably several months away though.
@zubairzia Because there are higher priorities right now. Those things will definitely be on a future roadmap. Right now, I believe the devs limits themselves to putting on the roadmap items that can actually be accomplished in a reasonable amount of time.