I'm a big fan of raster datasets in a File GDB, and have had no problems so far with them using the basic Arc10.x Hydrology tools. However, I have seen recommendations in tutorials, etc. for ArcHydro that GRIDs are a better raster format to use.
As I upgrade to ArcHydro and it's full geodatabase schema so that I can interface with advanced modeling tools in HEC-RAS & HEC_HMS, is there really any reason for me to go back to using GRIDs?