A spray painted finish is nicer. You have more choice in colours, the finish is shiner and easier to keep shiny.
Against paint? Well as it has been said, a chip in gelcoat just shows more gelcoat. If it does go through or is deep etc, just fill with more gelcoat. This is then easy to finish off. Scratches are easier to hide / sort out. When gelcoat fades, t/cut / polishing will normally get the shine back.
But if gelcoat has all these advantages over paint, why do production cars get painted?
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