Forum Moderators: open
Advantage Lynx:
Ignores tables and positional formatting. Just spits out the text in the order it gets it. Nice to see the order things come out in a "reader" for hearing impaired, also (I think) gives a better idea of the order the SE bots see things in (although I don't know that makes much difference).
Advantage Elinks:
Obeys Tables and some CSS positional formatting (though not all, by any means). You can actually use this to functionally surf the web. Also, has a habit of making those missiong "alt" tags jump out and smack you in the face by placing a big [IMG] wherever you have an image without an alt (so does Lynx, but in the streaming text that Lynx renders, this is far less noticeable).
Anyone here have any preferences?
There are some other options that you haven't mentioned, including 'Links' and 'w3m' which are also popular.