dick_freebird,
OP mentioned that this is a bi-directional H bridge, i.e., it's a full bridge. Therefore, the inductive energy will always be clamped by a forward-biased diode, not a reverse-biased diode in avalanche. His question seems to be whether placing a discrete flyback diode in parallel with the MOSFETs is necessary.
gonespa,
MOSFETs are generally not designed with much thought invested into making their body diodes good. Therefore, the body diode will probably exhibit greater on-resistance and perhaps more Qrr (for a given voltage standoff, current rating, Vf, etc). So if the body diode is called on to conduct the entire flyback current rather than a specifically engineered diode, the power dissipation will probably be greater.
However, it is not difficult to turn the MOSFET on during the period its body diode would be conducting the flyback current. The body diode would then only conduct during the dead time (the short time during which both Top and Bottom MOSFETs are off, programmed into the controller to avoid shoot-through current). Then, the overall efficiency would be maintained or improved, and you wouldn't need to buy additional flyback diodes.