I've done it both ways and for me, in my shop, conduit is gonna win every time. It's allowing me to have no penetrations in the interior walls, making it much closer to airtight. With Romex, all of those holes for outlets and switches are allowing air leaks and heat loss. It requires more time, money and labor to seal up these openings. Just sayin.
At the end of the project, any money saved by going with Romex is lost the first time you need to upgrade or add circuits. Yeah - you saved 50 to $100 dollars by going with Romex but when you have to cut walls open to add circuits and then refinish the walls, primer and paint etc... that c-note means nothing. You'd gladly pay twice that much to not have to do all that work to add that dang circuit - lol. Don't ask me how I know.
Plus, properly done conduit is a thing of beauty in a shop (and then there's mine lol). If you plan everything around the conduit it is little to no problem. Someone said when they see surface mount conduit it makes them think its a lack of planning. One could argue that using Romex makes one think that the builder was just lazy and wanted to go the easy route.
Bottom line is that it's YOUR shop. Do it the way YOU want.
And then... HOW you run the conduit is the next challenge - lol,
At least for me right now.
Best of luck on your setup. Be sure to post some before and after pics once it's done.
