Format does not delete the data from the drive.
Even if you use the /U switch, many utilities will allow a skilled hacker to recover the data.
Re-partitioning the drive helps "IF" you make the new partitions a different size then the old partitions.
If someone wants the data off the drive bad enough, it is still possible to retrieve the data even after using some of the programs that write ones and zeros to the drive.
There are tehcniques that involve electron microscopes that are able to recover data from any physically intact drive platter.
So, what you do depends on how seriously you need to protect the data on the drive.
If the data must be kept from getting into anyones hands, your only secure option is to melt the drive down into a "modern art" paperweight.
If you are only concerned about the "casual" user, then format, re-partition, and use a data overwrite utility that passes Goverment security requirements.
Chas