Wrap = less expensive and can be peeled off; harder to apply and best on non-complicated items
Hydrodip = use where you cant wrap or you don't want to worry about the design peeling off; less design options
Wrap items like the nose cone, camera housing cap (base model), and rear plastic mud guard.
Dip items like the belt guard, gas cap, roll hoops, and hood vents.
If you aren't worried about price, I would take off all the pieces together and have them dipped and then cleared over. It lasts a long time and if all pieces are done together (same patch) they should match really good.
Wrap = better pricing and better for people that want to change their look later
Dip= more expensive, more durable, but you aren't going back to the stock look