Are these wheels any good

I've got a bike with Phils and a bike with Formulas.

You can tell the difference, the Phils are much better and much nicer. BUT, the formulas aint cack. They are fine. They spin perfectly well, they are strong enough to ride on, smooth. They are perfectly good hubs. Prefer the Phils, but can't afford them for every bike, and for the money the formulas are grande.

Out of interest, what noticeable differences do you actually feel when riding?
Are both bikes the same weight, do they have the same tyres at the same pressures etc,. Or is the bike with the Phils on just a better bike all round?