Hi Ash,
In my opinion it depends on your criteria, as an indication mine are in red (and for context I have a 30ft trimaran with no lifelines):
intended usage worn 100% of the time on deck, so must be comfortable.
area of use coastal - offshore PFDs are spendy, like your second example (tasty though).
integrated harness I intend to short hand and solo occasionally so the ability to tether is essential.
adult vs child adult - life jackets for children are a whole other issue.
inflatable vs 'solid' I prefer inflatable due to comfort of wear, 'solid' PFDs need