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I wouldn't use either of them as a primary lock. Ignoring the lock part, the second one (steel chain) is stronger than the cable "protected" by steel shells, which cheap bolt croppers will cut through like it was a string of liquorice. Those protected cables are a joke - bit of twisting with any bolt cutters or strong gripping tool exposes the cable within.
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If I was really going to buy a combination lock (I would try and avoid it) I'd get this http://www.squirepadlocks.co.uk/squire-padlocks/bike-locks/bike-d-locks/hammerhead-combi-hammerhead-patented-combination-d-lock-230mm.html
A proper D-lock from a recognised company at least.
There are a few others on the site as well
I keep loosing keys so I decided to buy combination lock.
(I know they are not recommended).
Which of these two below is better? cable in shells or chain?
https://www.abus.com/eng/Mobile-Security/Bike-Safety-and-Security/Locks/Steel-O-Flex/Steel-O-Flex-Raydo-Pro-1460#
http://www.wilko.com/all-home-security/master-lock-nylon-covered-combination-steel-chain-09m-x-8mm/invt/0343385