Picture Box vs. Image

Apart from the following differences, what are the other notable differences between a PictureBox control and an Image Control?

(1) Picture Box is windowed and Image is a window less control.
(2) A PictureBox exposes an hWnd
(3) A PictureBox exposes a device context (hDC) for drawing activities such as drawing text and graphic objects (lines, ellipses and polygons)
(4) A Picture Box provides a Got Focus and Lost Focus event
(5) A Picture Box is damn heavy as compared to an Image.

I need them since I am exploring all possible difficulties I might face at a later stage for a new project in which I intend not to use the picture box wherever possible and do with an Image control instead.