When comparing Angel2D vs Corona SDK, the Slant community recommends Corona SDK for most people. In the question“What are the best 2D game engines?” Corona SDK is ranked 28th while Angel2D is ranked 79th.
Ranked in these QuestionsQuestion Ranking
Pro Great for prototyping
The framework is focused on prototyping. It has plenty of features to speed up development. It has a console with a lua interpreter, tuning variables and function calls. GWEN is well supported. Provides a simple interface for Box2D. A simple messaging system with which entities can subscribe to to receive messsages among other things.
Pro Permissive licence and easy to extend
Angel2D is built with the idea that you the game developer should have control over the framework and be able to add features if you like. So the code is BSD-licenced and very easy to extend for anyone that has completed a basic C++ course or equivalent.
Pro Great performance
While Angel2D isn't the best performing framework out there it's certainly no slog when compared to competition. Simply by the virtue of being native it puts itself ahead of engines like Gamemaker and frameworks like Love2D.
Pro Simple interface to lua scripting
If you're not comfortable with a basic subset of C++ it is not recommended to use this framework. But the Lua scripting platform is very nice for generating actors.
Pro Very helpful and simple project set up for newcomers
Often with game engines they throw you into unfamiliar territory and let you explore for yourself. While this wouldn't be a big issue with Angel2D due to it being a very simple framework it kickstarts your game prototyping.
Pro Focused on providing convenient features
Angel was created with game jams in mind, so it's focused on providing as many convenient features as possible, but in a quickly understandable way.
Pro Cross platform
Angel can create games for Windows, the Mac, most flavors of Linux, and iOS. It uses the native build systems on each platform (Visual Studio, Xcode, Make), so you can be up and running as soon as possible.
Pro Low-level code is easily accessible
Low-level code that Angel wraps is always just an easy click away, ready to be overridden or improved.
Pro Very light wrapping on all of the libraries
A very important point that's often underestimated. This framework is designed to be removed. It's not there to provide a complete engine for you which you will have trouble moving away from. The basic interface to Box2D is very spartan. You're given the simplest of Box2D shapes, not even polygonal fixtures. This limitation (seems to be) there so that the integration with the engine is very low. You never create a physics actor with anything more complicated than an enum describing if it's supposed to be a sphere shape or box shape.
Pro Very simple to use
Corona SDK is completely free as of March 2, 2015. That includes pro-tier plugins.
Pro Lua syntax
Uses the great and easy-to-learn Lua programming language.
Pro Amazing learning curve
Corona does not throw photoshop-like madness full of buttons editor. You can go as fast as you want, learning and building game from ground up. Eventually, you'll learn how much corona is doing for you. But to start you don't have to master complex editor software. It's a great tool to learn to start game development if you want to learn how to program and make games. Your experience will be 100% transferable to any other Pro game engine.
Pro Corona Simulator
Corona SDK ships with Corona Simulator, which runs your game/app directly on your PC/Mac and updates every time you make changes.
It provides immediate feedback to your actions, you can see your changes right on the screen, without necessity to make build to device. Getting instant feedback really boosts tenfold prototyping and development speed.
Pro Good documentation and lots of tutorials
Pro Cross-platform desktop and mobile
Corona works on OS X, Windows and Android (including Kindle Fire & Nook).
Pro Great community
Pro Ability to call any native (C/C++/Obj-C/Java) library
Pro Very comprehensive API
It's very quick to get things up and running with Corona SDK. The API is extensive and while it's not 100% feature-complete with the iOS API, it's close enough that you could create tons of games and never run into a roadblock.
The API docs can be found here.
Pro Content scaling
It's easy to create a game that looks good on many different sized mobile devices.
Pro Live builds - update builds running on a device automatically
With the live build feature, once you have created a build and installed on a device, you get lightning fast turnaround times because any change on the code or data is updated to the devices running the game (within the local WiFi) immediately. So changes can be tested on the real hardware within a very few seconds.
What's even more impressive, this even works flawless with multiple devices running the game. You have to use it to learn how good of a feature this is while development and even more, while doing QA. Imagine fixing bugs and everyone of your QA team/friends/whoever helps to get your game done, has all changes on his device without doing anything but waiting 5 seconds - outstanding.
Pro Well supported
Con No asset pipeline
Unlike XNA/Monogame, Gamemaker or many other similar platforms, Angel2D doesn't have an asset pipeline. The extents of the asset importing is manually loading individual files in code or naming them according to a convention to load a set of them.
Con No longer supported
Hasn't been updated in 2 years.
Con Incomplete documentation
The entire framework is technically documented at http://docs.angel2d.com/ but certain functionality isn't described in there but rather it's just a list of functions. They all have descriptive names and it should be common to run into a feature which isn't given example to in the "Introgame"-project example.
Con Abandoned by developers
Sadly this project has been abandoned by the developer. The main github doesn't see any pull requests fulfilled anymore. There's a debugline draw fix on the github that's rather simple to fix. It is recommended you pull that fork rather than the master branch. Though the simplicity of the framework still makes it a good choice for prototyping.
Con Making a device build requires internet connection
To build your app for the device (iOS/Android/AppleTV) Corona requires to fetch resources from online. This would include base application template and plugins. This allows not to perform local build or use Xcode or Android Studio to do a build. Even Large games/apps would build very fast with good internet connection.
Your code never leaves computed. Corona SDK would transfer some information to determine which plugins and pieces has to be transferred in order to make a final steps in build.
As a bonus - you get basically one button press to get from your Corona Simulator game to game on a device.
Con Closed source
Since you don't have access to the code, you can't make changes to the SDK. You even have to implement workarounds on issues that have long been reported, but never fixed.
Con Free, but not completely
Such conventional plugins as a reference to AdMob for example, cost $300 per year!