If you hit it at an angle, you have a better chance with the Armco, because:
It's continuous, meaning you could slide along and/or be deflected;
The barrier is wider, spreading the impact loads compared to the wire rope;
The posts are enclosed within the barrier.
By comparison, the wire rope is rougher and narrower, meaning it would tend to cut if one slid along it, and the posts are not enclosed, so would cause more damage on impact.
Suffice it to say, as noted in the report above, a number of European countries have moved to ban the wire rope barriers. One can only assume their safety experts have good grounds for doing so.
Good info here too: [broken link removed] (Final report of the Motorcyclists & Crash Barriers Project - FEMA)