I'm no expert but this is what I have been reading
http://members.lycos.co.uk/ramendosa/gilists.htm
This is a good list. Regaurding the GI--it might be raised (note the thin oat flakes are higher GI than the thick ones)
Glycemic Load is also part of the equation.
"The glycemic load (GL) is a relatively new way to assess the impact of carbohydrate consumption that takes the glycemic index into account, but gives a fuller picture than does glycemic index alone. A GI value tells you only how rapidly a particular carbohydrate turns into sugar. It doesn't tell you how much of that carbohydrate is in a serving of a particular food. You need to know both things to understand a food's effect on blood sugar. That is where glycemic load comes in. The carbohydrate in watermelon, for example, has a high GI. But there isn't a lot of it, so watermelon's glycemic load is relatively low."
And more explanation:
http://vanderbiltowc.wellsource.com/dh/content_print.asp?ID=655
"That’s where Glycemic Load (GL) comes in: it takes into consideration a food’s Glycemic Index as well as the amount of carbohydrates per serving.
A carrot has only four grams of carbohydrate. To get 50 grams, you’d have to eat about a pound and a half of them (and who would do that except Bugs Bunny?). GL takes the GI value and multiplies it by the actual number of carbohydrates in a serving.
131% x 4 = 5
By contrast, a cup of cooked pasta has a GI of 71 and a whopping 40 grams of carbohydrates giving it a GL of 28."
Further down they talk specifically about oats:
"What Determines GI and GL?
Since the values are based on carbohydrates, the values to a large degree are determined by how many grams there are per serving, and how quickly the carbohydrate is broken down into glucose. Several factors come into play:
Amount of cooking: Starches in food swell when cooked (whether it’s boiled, broiled, baked, or fried). The starch grains in a baked potato swell to the bursting point, whereas the starch grains in brown rice remain relatively unchanged.
Amount of processing: When grains are rolled, ground, or smashed, the protective (and harder to digest) outer coating is removed. Whole oats have a lower GI than oatmeal, which is made from smashed oat grains."
So GI is raised there is a quicker spike. But depending on the amount you are taking in it isn't that big of a deal. Total grams of carbs is important as well if you are trying to control/minimize insulin levels.