For more serious managers, auctions are much better than snake drafts, imo, because players tend to go to the managers who value them most. If you're a huge Aaron Rodgers fan, you can go ahead and spend half your budget to get him and can't be screwed out of it based on random draft position.
But for less intense players, snake drafts are better since you don't have to be "on" the whole draft. You know when your turn is coming up, and you have a list of players you can pick from when it gets down to you.
I'd be down to play either.