The V-Stat Bag has a good bit more velcro on the outside for the various attachments that are included, a little more versatile in that respect.
The EQ Bag has a dual direction Zipper, the zipper not only goes down the SIDE of the Bag, but around the bottom as well.
So, each Bag has its own unique "problem solving" features for you.
I prefer having a little more velcro to attach stuff, and it is not a whole lot more...but that is what I personally prefer.
Other than that, they are pretty much the same, very handy things to have.
I would even go as far to say, if you rigged one under each arm using an Associate Shoulder Harness, if you were a Courier or some occupation where you had to carry money or other valuables, maybe this would be the way to go and then attach an edged weapon to the outside of one or both the bags.
My wife uses an EQ Bag for a neck wallet and it has held up far longer than any of the commercially available "Sport" neck wallets I have purchased for her.
I have found that the JSP Chest Strap for Neck Knives is a great way to carry the EQ & V-Stat Bags for neck carry or under arm, OPEN carry.
I hope this helped!