I realize a couple of basic differences between the two, i.e.
EC2 is going to be cheaper
RDS I wouldn't have to do maintenance
Other than those two, are there any advantages to running my database from RDS as opposed to a separate EC2 server acting as a MySQL server. Assuming similar instance sizes, are both going to run into the same limitations in terms of being able to handle a load?
To give you a little bit more info about my use, I've got a database, nothing too big or anything (biggest table 1 million rows), just high SELECT volume.