Conditional stability estimates are a popular tool for the regularization of ill-posed problems. A drawback in particular under nonlinear operators is that additional regularization is needed for obtaining stable approximate solutions if the validity area of such estimates is not completely known. In this paper we consider Tikhonov regularization under conditional stability estimates for nonlinear ill-posed operator equations in Hilbert scales. We summarize assertions on convergence and convergence rate in three cases describing the relative smoothness of the penalty in the Tikhonov functional and of the exact solution. For oversmoothing penalties, for which the rue solution no longer attains a finite value, we present a result with modified assumptions for a priori choices of the regularization parameter yielding convergence rates of optimal order for noisy data. We strongly highlight the local character of the conditional stability estimate and demonstrate that pitfalls may occur through incorrect stability estimates. Then convergence can completely fail and the stabilizing effect of conditional stability may be lost. Comprehensive numerical case studies for some nonlinear examples illustrate such effects.