Usually plain indicates edge type (plain edge, partially serrated, serrated).  Just as a side note.
Hollow grind vs Flat grind is a common debate with Spyderco since so many models are available in both configurations.  The Dragonfly2 Salt is actually hollow ground but often that is referred to "high hollow" since the grind line stop over half past the middle of the blade.
Generally...
Flat: 
Pros - often thinner tips due to being ground vertical then horizontal (distal taper), less drag on more dense materials, less aggressive looks, less weight.
Cons - more expensive to produce, H1 can't be done that way on a production scale,  not quite as much variability due to linear grinding.
Hollow:
Pros: some people like grind lines, can vary the thickness of the blade in different styles/dimensions, basic hollow-grinding is cheaper, in theory less steel behind the edge due to concaved grinding
Cons:  I'm tired and it seems this is repeating somehow :) 
Hope that gives some extra things to consider!  You're going to find a TON of opinions.  Ultimately different approaches for different styles/purposes.  Variety is the spice of life 

 .  I like HG for harder use and FFG for slicers.  Thick knives tend to be thick behind the edge; thin ones its harder to tell.