When comparing Stencyl vs Felgo (formerly V-Play), the Slant community recommends Stencyl for most people. In the question“What are the best 2D game engines?” Stencyl is ranked 11th while Felgo (formerly V-Play) is ranked 41st. The most important reason people chose Stencyl is:
Power users can also write code in Haxe (similar to Actionscript 3) to create their own custom classes and extend the engine.
Specs
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Pros

Pro Haxe scripting available for advanced users
Power users can also write code in Haxe (similar to Actionscript 3) to create their own custom classes and extend the engine.

Pro No coding required, great drag & drop interface
Visual scripting in Stencyl is based on the MIT Scratch project, which was designed to teach programming. Script elements fit together like puzzle pieces, ensuring that data and function types cannot be mismatched.
Pro Cross-Platform
Publish iOS, Android, Flash, Windows and Mac games without code.
Pro It's a NO-CODE Program, you can add logic without code
Pro The original concept for Ghost Song was created using Stencyl
The original concept for Ghost Song was created using Stencyl 3.x
Pro Great performance on every platform
Stencyl exports your games to native code so they have great performance on every platform.
Pro Mature cross platform IDE
Qt-Creator IDE with Code Completion, Debugging and Profiling, integrated Quick Help, Version Control and more.
Pro Easy to learn
Felgo is among the easiest cross-platform tools to use according to a survey done by research2guidance.
Pro In-game level editor
With the Level Editor components, you can let your players share their levels with the whole game community which is cool because you don't need to create new levels on your own, but the community helps you with it. There are other community features like rewards for good level creators that helps getting more downloads.
Pro Felgo game network
Leaderboards, Achievements, Challenges are available across platform, even on Desktop. You can also use Cloud Syncinc of your game data that makes it easy to start a game for example on iPhone and then continue on a Nexus Tablet or the other way around.
It is also convenient because sharing to all kind of game services & networks like Facebook & Game Center is possible with a single API call. Custom hosting of Game Network servers is also possible if you want to keep the player data.
Pro Native performance
Although game logic is provided in JavaScript by you, performance-critical parts of the engine like OpenGL ES rendering or particle effects are implemented in rock-solid C++, providing the ultimate performance your game deserves.
Pro Advanced gaming components
Advanced Gaming Components for handling multiple display resolutions & aspect ratios, animations, particles, physics, multi-touch, gestures, path finding and more.
Pro Felgo build server
No need for native SDKs, Build in and Install from Cloud with the Felgo Build Server.
Pro Rapid development
Cut your development time in half. Using the QML language allows for some powerful features that cut code lines and time. Another helpful feature that can help in this area is that there are more than 50 game demos of all genres that come with full source code, meaning one can easily check to see how something was done.
Pro Support can be found in forums and via e-mail
Felgo has friendly forums where core developers participate as well as fast & helpful email support.
Pro Based on Qt framework
The Qt framework is a great and mature framework on its own. Using Qt as a game engine base is a smart idea.
Pro Runtime-balancing
You can use ready-made components to balance any of your game properties at runtime, so also on mobile devices which is great for adjusting forces or input parameters.
Pro Lots of learning resources
Helps get started and improve with lots of tutorials, demo games, examples.
Pro Social services and monetization
In-app purchases, game and social network integration (such as Game Center and Facebook), ads (with Chartboost and AdMob) and analytics (such as Flurry) are all available across platforms.
Pro Frequent updates
Every 2-4 weeks new updates provide additional features and fixes based on what users wanted the most.
Pro Level store
You can even monetize these user-generated levels with in-app purchases with the Felgo Level Store component if you like.
Cons
Con Not a powerful engine
Should be used for basic games only.

Con Only available via subscription
There should be an option to buy it outright, especially considering it is written by a one man team....this is not exactly an Adobe level enterprise with shareholders, so there is no excuse!
Con Slow release cycle
Con Updated
It needs much to improve for mobile games, it was left in the era of Flash games. In Android you can not even put the native keyboard, you can not access things like native camera, GPS or native text input.
Con Tile system is somewhat inflexible
Con No 3rd party tutorials
There are little to none amount of tutorials for Felgo other than what was made by the engine developers themselves.
