> This got me looking around at how one would load a luks or dm-crypt encrypted drive from efi without grub.
systemd-boot lets you define an encrypted drive at installation, which is what I do for my LUKS devices. Whole thing works pretty flawlessly, in my experience.
> I guess I'm really curious what there is to gain by bypassing grub if anything?
I mean, you're not "bypassing" anything; Linux has molecularity at it's core, it's perfectly normal to swap out it's surrounding components to personalize your system. Personally, I pass on GRUB because systemd-boot is fast. Booting with GRUB takes 10-45 seconds depending on your hardware and encryption setup: I've never seen systemd-boot take longer than 15. If you're not dual-booting or doing any fancy baremetal stuff, I think most people would be perfectly happy with it. GRUB certainly still has it's place though, and I'm glad it exists.
I guess I'm really curious what there is to gain by bypassing grub if anything?