I chose to do the Wubi install because it was short, simple, and easy to reverse (no messing with partitions required). To be honest, I can handle the lack of a hibernate function.

I haven't really heard many other benefits of installing on a separate partition than hibernation and negligibly faster hard disk read/write. Yet almost everyone I encounter seems to have opted for the disk installation. Are there more benefits I should be aware of, especially as a college student who wants a fast, efficient machine for documents, web browsing, etc. (nothing big like gaming, I can run that on Windows)?

Also, I have a fair amount of settings and packages installed that I spent a bit of time on and would rather not have to do again. Is there any way I can migrate all of these settings from the virtual disk on my C:/ drive (Wubi installation) to the disc installation in another partition? (I have a 16GB USB drive if that'll do the trick)