Formula has an air induction hull and the Baja does not. Formula would be faster if size and power were equal due to the hull difference. That being said, the Baja will track/handle better in a turn with more speed...to a point. With fuel the way it is, the 6.2's on the smaller boat will burn a hell of a lot less then the 33 with 496's. Have fun, good luck, both are nice boats.