You're right, in essence it is that simple. DbGeography is just a dumbed down version of SqlGeography, designed to work within the Entity Framework. The most popular methods of SqlGeography have been implemented within it but as you rightly point out, not all.
Whilst the two types cannot be directly cast between each other, the process of converting them is relatively simple in times where the additional functionality of SqlGeography is required.
For example:
SqlGeography geog1 = SqlGeography.STPolyFromText('<coords>', srid);
SqlGeography geog2;
DbGeography dbGeog;
// SqlGeography to DbGeography
dbGeog = DbGeography.FromText(geog1.ToString(), srid);
// DbGeography to SqlGeography
geog2 = SqlGeography.Parse(dbGeog.AsText());