I would say reliability if a wet pump is more reliable than a dry. I know that the dry pumps are really finicky about stuff damaging them. As a rule, wet pumps last longer than dry pumps.
Usually if you pay more its a better system.
Some websites to help.
http://www.sacskyranch.com/rapco.htm
http://www.sacskyranch.com/faqgarwin.htm