The new Grady's supposedly use a new painting process that looks like powder coating on the metalwork. The big difference is that if it gets nicked, you simply repair it with that paint. I have powder coating on a different boat and as mentioned earlier, if you nick/ scratch / chip it, a process starts where water gets under it and its all downhill from there. You cant really repair it because ,to do it right , it must be baked in an oven.
My feeling is that it would be a PITA to have your boat done considering the removal etc. Then, you're setting yourself for more problems if it gets damaged afterwards. My feeling is that powder coating looks great...but it is a liability especially if you fish. Slinging sinkers, gaffs, rods around etc doesn't co exist too well and just grabbing a piping wearing a ring can actually scratch it somewhat. However if you're just a cruiser and don't fish , then it may be more acceptable. I have heard some people actually have had their metalwork done in Line X which is much cheaper. I am not a fan but if your metal work is really bad , it may be an option for you. Im sure that you will get many opinions..this is just mine. Good luck in whatever you do.