The GNS430W GPS may be used as the sole means of IFR navigation. You don't have to check RAIM prior to flight, you may use a GPS approach for the alternate airport including planning on using the GPS in lieu of an ADF or DME at the alternate if you don't have an ADF or DME on board. On RNAV and GPS approaches, you may use advisory vertical guidance to make a stabilized approach from the FAF down to the MDA (but not below). There are over 2700 LPV approaches with over 600 that have a DH of 200 feet available (compared to fewer than 1300 ILS approaches). If you have an autopilot with a roll steering adapter, the GNS530W will fly the holds published on an approach and will fly the procedure turns. The GNS430W includes the terrain feature. The GNS430W can be used as a WAAS position source required for eventual ADSB upgrade.
The GNS430 can't do the above functions.
To upgrade a GNS430 to a GNS430W can take $4,000 to $5,000, but it only adds about half that to the value of the purchase of the GNS430W already installed in the airplane, so it is usually a bargain.