I have both the S-view flip cover and the LED flip cover. The S-view case provides more functionality. The LED flip cover looks and feels better, it's just not interactive. However, there are things about it that I believe works better than the S-view, like the notifications. So the S-View Cover blocks the Note's LED notification light. So, when you get a message, unless you are looking at the phone when you receive it, you won't know that a notification is there. You get chasing LED lights that alert you to a notification on the LED cover. Plus, I don't like others to see who is texting me when I get a notification. The LED cover keeps your notifications private. And you won't have to wipe off the plastic S-view screen all the time.
Note in my house!