I just posted a couple of replies about this last week. To answer your question directly I'd say the MFK is better, but....it's really not that simple. For veneer tape edge banding, 5/8" or less solid wood edging, laminate work, smaller grooves (with the edge guide) and round overs and other small bit profiles the MFK excels. But it's not good for a whole lot more since the bit size and visibility is so limited. Also, it doesn't come cheap, by the time you add the 0 degree base to the MFK you'll have a lot of money invested. That's not a problem it you get a lot of use out of it.
The 1010 is an all purpose router that you can get a lot more everyday use out of. Add the edge plate-angle arm and it does a good job on edge router too. It costs less even with a nice range of accessories.
So if you're looking for the best bang for the buck the 1010 and accessories are the way to go. If you do a lot of edge trimming, and can justify the expense, the MFK is the better tool.
