Elastic optical networks (EONs) have emerged to provide higher spectrum efficiency than traditional Dense Wavelength-Division-Multiplexing (DWDM) by utilizing enabling technologies such as flexible spectrum grid, Orthogonal Frequency Division Multiplexing (OFDM), and distance adaptive rate and modulation. The choice of the control-plane is an important consideration when deploying any new technology, especially in optical networks. This paper considers generic distributed and centralized spectrum assignment policies in conjunction with the accompanying connection set-up signaling protocols in EONs. A network simulator for Generalized Multiprotocol Label Switching (GMPLS) was developed with Forward Reservation Protocol and Backward Reservation Protocol signaling methods. These signaling techniques are used with the First Fit (FF) and Random Fit (RF) Routing and Spectrum Allocation (RSA) algorithms. The paper discusses control elements (central and distributed architectures) decisions under busy hour and normal network conditions and presents a comprehensive performance analysis of key performance metrics such as connection success rate, connection establishment time, and capacity requirement.