I don't think it's a matter of "better" they are just different.
It's very difficult to get a smooth bar of hot process soap. IMHO has a much more rustic look to it. There's nothing wrong with the more rustic look but it's different from the smooth look you get with CP. The benefits are that it is ready to use as soon as it cools, you can use less fragrance but where you heard that you don't have to be precise with your measurements is completely wrong. Soap ingredients - whether hot or cold process - must be measured precisely.
Here is what HP looks like - you can see that you have to sort of gloop it in the mold and if you want it to be smooth, it may need some trimming and even then, I've yet to see a bar of HP that was smooth.
http://www.candletech.com/hpsoap/step9.htm
Again, this is jut my opinion but cold process has a smoother, cleaner, denser/richer look.
http://nicheworldcorp.trustpass.alib...s/showimg.html It's easier to be more "artistic" with CP and to me, it's just easier. You just mix your lye and oils bring to trace, pour, gel, cool and cut. Contrary to popular belief, CP soap, once it has completed the saponification process, can be used right away too but the longer you wait, the more mild it becomes. There is just a difference between the two - it's a matter of preference.