When comparing w3m vs Waterfox, the Slant community recommends Waterfox for most people. In the question“What are the best web browsers for UNIX-like systems?” Waterfox is ranked 19th while w3m is ranked 25th. The most important reason people chose Waterfox is:
Even faster than firefox.
Specs
Ranked in these QuestionsQuestion Ranking
Pros
Pro Support for several elements not found in terminal browsers
Although w3m is primarily a text-based web browser which runs inside the terminal, it supports and renders several elements which other terminal-based browsers cannot like images, tables, tabs or frames.
Pro Available as emacs plugin
W3m can also be downloaded as an emacs plugins to be used as a fast web browser that runs inside emacs.
Pro Fast
Even faster than firefox.
Pro Offers excellent privacy
Does not phone home.
Pro Never ever freezes
Highly reliable.
Pro Works with Firefox addons
Firefox 56 add-ons compatibility, including unsigned XUL extensions and complete themes.
Pro Less bloated than Firefox
Pocket, telemetry, data collection, startup profiling is removed.
Pro Extremely customizable
It has almost every setting imaginable.
Pro Multiple add-on support
Pro Works with major streaming services
Includes widevine plugin and suitable user agent for viewing major streaming services like Netflix and Amazon Video.
Cons
Con Steep learning curve
Being a terminal web browser w3m has a certain learning curve because you need to learn the keystrokes and different commands.
Con Lag, lag, lag, freeze, freeze, freeze
Need to do something about it.
Con Owned by an advertising company
The same company that bought Startpage/ Ixquick, System 1. This is a company that gathers information about what you look at and do, analyzes and profiles you, and then sells it off to third parties.
Con Goodish, but still bad
Removes crap from FF, but doesn't offer anything you can't already do in FF. Also, doesn't help they are owned by an ad tech, System1.