When comparing Upstart vs runit, the Slant community recommends runit for most people. In the question“What are the best Linux init systems?” runit is ranked 2nd while Upstart is ranked 6th. The most important reason people chose runit is:
After the system's one time tasks (stage 1) are done, the system services are started up in parallel. The operating system's process scheduler takes care of having the services available as soon as possible.
Specs
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Pros
Pro Event based startup was fantastic.
Since it is event based, it was simple to have interdependent services emit status messages each other. Service start ordering and shutdown was easily managed in one conf file.
The "lazy" start of systemd is BS and is a mess to debug . service unit files have no clue what another service state is. The maintainers add arbitrary timers that add more complexity and more init hangs. The systemd documentation is poor. When a service fails to start (or stop) systemd follows the Microsoft model of not telling the reason why.
Pro Simple .conf file in /etc/init
Pro Fast, parallel startup
After the system's one time tasks (stage 1) are done, the system services are started up in parallel. The operating system's process scheduler takes care of having the services available as soon as possible.
Pro Small and Unix-like
One of the runit project's principles is to keep the code size small. As of version 1.0.0 of runit, the runit.c source contains 330 lines of code; the runsvdir.c source is 274 lines of code, the runsv.c source 509. This minimizes the possibility of bugs introduced by programmer's fault, and makes it more easy for security related people to proofread the source code.
The runit core programs have a very small memory footprint and do not allocate memory dynamically.
Pro Easy to use
Simple scripts linked to the proper directory is all that's needed to bring a service up at boot, and everything is up and running quickly.
Pro Init purity - does what an init system must do and nothing more
UNIX philosophy, easy to add new services, easy to manipulate, really fast.
Pro Supported by several Linux plumbers
Myself included. Development is no longer stalled.
Pro Runs on every POSIX system
Pro Fast and easy to use
Pro Faster boot time than with systemd
Faster on older systems, especially those running on HDDs.
Cons
Con Ubuntu abandoned it
The original developers (Canonical) seem to have abandoned this project. At least they're no longer using it in Ubuntu.
Con It was just sysvinit or systemd in disguise
It really just offered a barely more intuitive way to create init scripts for the actual init system running behind upstart.
Con Not GPL
Con Slow
Con Development stalled
Last patch was back in 2014.