Have you guys attempted Kyogre yet? With a raid group of five, each with at least 3 FP attackers(Venusaur right?), you all should have no issues taking down Kyogre. Even with a Blizzard set.
Back to your question though, if you have the candies and stardust isn't an issue then by all means go ahead. Raikou is fantastic, though it is worth mentioning that there are other options that are much cheaper and perform equally as well as Raikou.