I was with VFA-97 last summer. Great ready room, good guys. I still got just as many flights as the guys with the RAGS... and my FIRST flight was a live bomb-drop exercise. two 500 pounders and some strafing runs emptying the cannon. AMAZING exmperience
My flights were with 122 because 97 has no two seaters... however, because it wasn't a RAG and didn't have an abundance of students and 8 MIDN looking for stuff to do... I got a LOT of time in the F-18 sims. The big boys, the two new ones. Because the squadron didn't need much sim-qual at the time, they just kept putting me in the cycle. Good times.
I also liked VFA-97 because the other Middie and I stationed with them were really integrated into the squadron. Got a much better view of "ready room" life, and were doing something every night with the guys. Fourth of July pool party at the gunner's house, moved out of the BOQ and into one of the LT's spare bedrooms, went to the O-club and barhopping with the boys (even the flight surgeon), basically treated as more of a welcomed JO than a Middie.
Plus, neat-o "Warhawk" nametags for our flightsuits instead of the leather ones. Flight-suits, nametags, all the new patches... got to keep them because the suits were handmedowns from the LCDR's and LT's.
You will NOT have a choice of what squadron you get out there, but there are positives to both. You 'might' get more flight time with a RAG or Rhino squadron... and you 'might' get a more realistic sense of the wardroom and pilot comraderie in a smaller squadron.
Either way, kick-back, relax... and enjoy the free beer that the LT's insist on buying you as they relive their youth. (if you are 21, of course!) I made some lifelong friends in that squadron... Everybody from the PR shop to the CO (remember to play pranks on him, if he's a cool guy. Great pictures from that...)
Best piece of gouge to give you: Find a guy in your squadron [preferred] or atleast a pilot on a nearby squadron... who is an alumni of your school (if you aren't academy) and they will pull strings for you (ie: get you in their squadron, make sure you have a blast, and otherwise take care of you)