If ever there was a way to impress an interviewer it is to bust out this baby when asked to make a fibonacci function.
Don't get me wrong, it'd still be impressive "Woah, he memorized this!" but seeing someone do the matrix trick would be even more impressive, to me.
Now, if you derived the formula on the board from the matrix, that'd be incredibly impressive. The idea here is how the person's brain thinks. When I see them write an equation on the board, I think "Oh, they memorized it" when I see them step through the process of creating a matrix and doing matrix multiplication, I think "Wow, they /really/ know their stuff". If they just threw up the matrix and couldn't explain it, I wouldn't be as impressed. Same as if they wrote the equation and couldn't explain it.
At the end of the day, if they could explain either approach, I'd be impressed, I think the matrix form just lends itself to more likely be in a way that the person can explain it
X = P^(-1) D P
then X^n = (P^(-1) D P)^n = P^(-1) D^n P