As SD said, solid lifters are noiser and require regular adjustment, while hydraulic do not. Now, if you do want the run up in the higher RPM range, but don't want to deal with the regular adjustment of solids, then you can get variable duration hydraulic lifters, also know as rapid bleed lifters; however, there is some extra info about them that you have to concider. At low rpm they leak down quickly and shorten the duration and peak lift at the valve. It is easy to assume that they simply reduce the duration at the valve, but there is more to it than that. The opening points of the valves remain the same; any duration reduction comes off the end of the lift curve. So if these lifters reduce the valve duration by 10°, the valve will open at the same time and close 10° sooner. If rapid bleed lifters are used on both intake and exhaust, it not only makes the cam act smaller, but also advanced. A good solution is to run the cam straight up (or 2-4° more retarded than optimum with regular lifters), which would build better top-end hp, and the variable duration lifters will cause valve timing to be more advanced at lower rpm, so the engine will not be as peaky. You can also run rapid leak down lifters on the exhaust side only. This would only advance the exhaust valve. If you had a cam that had a narrow lobe separation to build top-end power, and need some more bottom-end to use a lower stall converter, advancing the exhaust at low rpm would widen the lobe separation and reduce overlap. This would give more vacuum and more low-end torque.
-Shaun