A logo waistband is a design decision: it is meant to show above low trousers and it prints through a fine knit, which is the same property described twice. A bonded seamless hipster is the opposite intention — no stitched edge, nothing to press a line into the fabric over it, and nothing to see. So the question is what the outer layer is doing. Under something fitted and thin, seamless wins and it is not close. Under jeans, or where the waistband is part of the look, the logo one is the one people actually buy.
Seamless is a construction, not a fabric
The word gets used for anything smooth, and what actually matters is whether the edges are bonded or stitched. A stitched edge on a soft microfibre still leaves a line under a fitted skirt; a bonded edge on a plainer fabric mostly does not. If a listing says laser-cut or bonded, that is the property doing the work.
Most people want both, for different halves of the week
This is one of the comparisons where owning one of each is the honest answer rather than a cop-out. They are not competing for the same day: one is for the fitted skirt and the other is for jeans, and neither does the other's job well. If the budget only stretches to one pack, buy for the clothes you wear most rather than the ones you like most.