Both. Where space is at a premium, the smaller forged vise is better. If space and bench height allows, the larger/more massive vise is better.
1. The Yost is from Taiwan, not mainland China.
2. The Starrett is far superior for fine percussive work where mass is an asset. When drifting the sights off an older Kimber 1911 pistol to replace with fresh tritium night sights, the owner of the pistol could not get the damn things to budge on his small Home Depot sourced vise, as the entire fixture along with his bench kept rattling around and shifting with each hammer blow against the pin, resulting in the sight block not moving. He even tried a purpose-built sight drifting tool which
broke during the attempt to move these particularly stubborn sights.
Clamping it up into my Starrett, which is bolted to a ~400lb bench which itself is bolted to a load bearing wall behind it, I was able to easily drift the sights out with just a few light taps of an 8oz ball peen hammer and brass punch. The sheer mass and rigidity of the entire fixture, particularly the inertia of the vise, turned what was an impossible task into an easy 5 minute job.
3. Sheer clamping force and grip. Particularly stubborn pieces that I'm trying to remove stripped/corroded fasteners from, I have found can slip in the jaws of the Yost while the Starrett bites down harder and holds them fast. This is due to a confluence of factors including the better grip of the custom jaws that
@KMScott made for the Starrett, along with the longer handle and thicker/beefier mainscrew of the Starrett compared to the Yost. As I try not to abuse my vises, I don't use cheater bars on the handles to tighten them further than I can get em just from putting my body weight on the handle itself.
If I had an ~80 lb forged steel vise, it would likely accomplish those same tasks just fine. Not saying it's impossible to do with forged steel, just that existing mass-produced forged steel vises tend not to be available in such size and mass.
You're right, the F60 at ~56 lbs is much closer in size and weight to my Starrett (which weighs about 79 lbs). If I didn't have the Starrett, it would probably be a suitable equivalent for most purposes, with the exception of non-replaceable jaw faces.