As for the story itself I think that TLOTR is better because, first and obviously is finished and is original, with many influences, but original. TCOH is a story less original or if you prefer very deeply influenced by the mythology. But if we speak of the narrative process I think that every or almost every tale written (or rewritten) after the completion of TLOTR, and with that narrative experience, is better. The pity is that every tale post TLOTR was left unfinished. But, as they stands now, and forgetting the hypothetical editorially revisions the professor would have done, things like the major parts of TCOH finished by the professor (not the book published), the written part of the new Tuor, and for example (and in my opinion the best) the written part of Aldarion and Erendis, are even better narrated than TLOTR.
Greetings
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