Ranked in these QuestionsQuestion Ranking
Pro Preconfigured emacs distro
Spacemacs is just a well-configured Emacs distribution with community-sourced best in class plugins and layers selected to take the setup pain out of Emacs. Evil mode gives the Vim bindings and modes for fast editing, while Helm makes everything discoverable to make learning to be more productive simple and unintrusive.
Pro VIM Keybindings with EMACS ecosystem
EMACS ecosystem and language support is best in show. The EMACS is a great IDE that was in search of a good text editor. Spacemacs makes EMACS have a good text editor.
Con Emacs is slow
Emacs is single threaded which means that if you enable all the great features you might be used to from Vim, it will run noticeably slower which can be quite frustrating at times. There are efforts at a concurrent Emacs, but they don't seem to be going anywhere.