Short answer: because Graphs are data, it's easy to do tons of things with them that are difficult to do with code. In principle tooling may eventually bridge the gap, but for now it's hard to take a function and automatically monitor it's sub-functions, or run up to a particular intermediate result, or substitute one step for another in a test, etc. Our previous blog post gives some more detailed examples:

http://blog.getprismatic.com/blog/2012/10/1/prismatics-graph...