When you install TREX RainEscape you would still need to finish ceiling underneath. This could be done either by installing Vinyl/PVC Beadboards or cedar planks, or by any other finishing material.
TimberTech DrySpace doesn’t require finishing the ceiling deck underneath. It is arranged the way that TimberTech DrySpace panels become underneath space ceiling, but in this case, you cannot install ceiling lights, fans and other accessories since there would be water exposure on cables and connectors.