Single or double flute both have pro's and cons as far as I'm concerned. In a way there similar to a counter sink, which of course you can get in single, double tripple quad and five or six flute too.....I started typing and quickly turned this single post into a novel so I deleted it. I have both, and use both, both work just fine. I relate my opinion more along the lines of machining vs "fabrication" so hense the pro and con opinion, but for fab there are pro's and con's too.
Depends on what your doing will depend on which one works "Better". There both going to cut a very similar hole, but someone would have to do a test to determine how the characteristics of both differ, to determine which is the better all around cutter to use. Again, how your using it, and what type of material your using, RPM and feed are HUGE variables which change how a tool performs. These also apply to hand use in a drill motor too.