They’re both good. A free fall is awesome because the thought of just falling through the sky (with the comfort of knowing you have a parachute) is something special. The parachute open is nice too because you’re essentially cruising through the sky, checking out the scenery and the world below you. If I had to chose though it would be the latter.
If I could ever get over my fear of heights (which I do not see happening), I’d go the slower, scenic route. It seems like it would be peaceful and kind of lovely.
I feel like freefall would be kind of uncomfortable. I know I don’t like the feeling in my stomach when I’m descending quickly on a roller coaster, and I imagine it’d be similar (worse, if anything). I also think that until my parachute opened I wouldn’t be able to shut off the worries in my brain that something would go wrong with the parachute opening. I do think I would like looking down at the ground below once my parachute was open and I could relax a bit, though.