What a silly question.
It's a little like asking, do you like your slip-joint pliers better than you like your vise-grip? Sure, personal preferences regarding each is important, but in the end, you use the right tool for the job.
I've owned both a 54 Suburban and a 48 Panel. Both are useful and each has its purpose. The good news is, I've carried 8 people in Suburban seats and eight people in panel front seats and bean bags in the back. In both cases, everybody was happy.
I guess the primary pros-and-cons are dependent upon: what do you want to carry and how; and, which vehicle can you obtain at the right price and in the right condition?
The pros-and-cons of which is more of a challenge to restore (especially if you are interested in an "original" truck) are covered in the posts above.
Tim
