Designs such as GLB can (I haven't looked deeply enough in GLB specifically to see if they can do it or not, but I would assume so) handle director level failures mid-flow, i.e. connection won't be interrupted even if one them dies (packet losses are still likely, but TCP will take care of them). That allows a lot faster recovery than solutions that depend on client's DNS settings.
Additionally DNS will leave your load balancing at the mercy of ISPs DNS server settings. At least in the past it wasn't exactly unheard of that ISPs only cached single A entry so all of their clients would be directed to single server.
That said, DNS based load balancing is generally good enough solution for most of people.