I think the only advantage to having high difficulty is the number of random monsters you encounter. I am on expert (because I am a masochist, I think) and on the road to Arnika I ran into two different sets of crabs (both sets had hardshell and venom crabs), two sets of bandits, and a set of wasps.
I may be wrong about the more monsters, but it seems like it. (I hope that it is, because otherwise there is no advantage to playing on expert.)
Because I fight more monsters, I could possibly get more exp, not because each is worth more, but because there are more of them. I did not spend much time building characters or levels, just tried to go straight through and my characters were level 7 when I left the monastary.
Good Luck!
Knarfling
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