There are a few considerations here:
1) Fabric Stiffness
A drawcord top is cinching the fabric together (e.g. scrunching it) which works well for thin/flexible fabrics like a 30D stuff sack and traditional pack fabrics like 210D nylon, but the composite pack fabrics that have gotten popular over the last decade are stiffer (e.g. X-Pac, Hybrid DCF, EcoPak/Ultra) and don’t cinch that well. Â It becomes a high effort to cinch them right closed and it still leaves a sizable hole.
2) Compression
A roll top is an effective way of reducing the volume in a pack. You can roll it down and it stays that way. With a drawcord top you can sorta roll it down after it’s cinched if the pack is quite empty, but there’s nothing to keep it rolled down so it can gradually work it’s way loose. Much more effective compression is one of the best reasons for a roll top.
3) Waterproofness
A roll top has the edge here, but it is a valid point that most of these packs aren’t truly waterproof anyways, and a drawcord top can be pretty good too if you are able to roll it up a bit. A drawcord top isn’t as good here.
4) Ease of use
Perhaps the best advantage of a drawcord top is how quick it is to close it, since you are just cinching one cord and probably buckling another cord over top. In comparison a roll top requires a few folds and then 1 or 2 buckles to close it (depending on if you clip it to itself or the sides of the pack), plus another buckle for the top strap (not needed, but you have to do it up so it’s not dangling). Drawcord packs are better here, but a roll top pack can come pretty close if the rolling part is designed well (e.g. a good stiffener and free of snaps and velcro to line up) and it clips to itself. That’s why with my packs we have a good stiffener and have it buckling to itself (1 buckle) rather than the sides (2 buckles).
To sum it up, with a good design a roll top is only slightly harder to use while offering better compression, better waterproofness, and working well with composite fabrics. However, a drawcord is simpler yet and can be a better option if the pack uses more pliable material and compression/waterproofness aren’t high considerations.