I have a library (written in C#) for which I need to read/write representations of my objects to disk (or to any Stream) in a particular binary format (to ensure compatibility with C/Java library implementations). The format requires a fair amount of bit-packing and some DEFLATE'd bytestreams. I would like my library, however, to be as idiomatic .NET as possible, however, and so would like to provide an API as close as possible to the normal binary serialization process. I'm aware of the ability to implement the IFormatter interface, but being that I really am unable to reuse any part of the built-in serialization stack, is it worth doing this, or will it just bring unnecessary overhead. In other words:

Implement IFormatter and co.

OR

Just provide "Serialize"/"Deserialize" methods that act on a Stream?

A good point brought up below about needing the serialization semantics for any case involving Remoting. In a case where using MarshalByRef objects is feasible, I'm pretty sure that this won't be an issue, so leaving that aside are there any benefits or drawbacks to using the ISerializable/IFormatter versus a custom stack (or, is my understanding remoting incorrectly)?