The "red iron" building is a much better quality building than the galvanized structure, which makes up for the lack of strength in individual members by putting in lots of small pieces. It is an outgrowth of the "carolina carports" type of carports.
The typical steel building (on the left) to me is a much better structure, but the quality of design and components varies greatly. The very best ones have a full wall girt at floor level, and not a 2x4 inch L angle for the sheet to screw to. Also look at the quality of the primer on welded parts. Most of the formed Z and C components are a epoxy finish and are not an issue. If the bldg mfg welds up columns from plate or I beam, and then primes them, look carefully at what they use for a finish. You don't want rust bleeding thru later on.
The building you show has bypass type wall girts, where the girts are mounted on the outside of the columns. This displaces the columns further into the building. You lose effective width inside as a result. There is a type of construction where the wall girts are mounted so their outside face is flush with the outer face of the columns. This gives you about 12 to 16 inches (depending on girt size) more effective width inside.
Is it a 40 deep x 60 clear span? or a 60 deep x 40 clear span? Aircraft hangar?
Charles