When comparing Tales of Maj'Eyal vs Spelunky, the Slant community recommends Tales of Maj'Eyal for most people. In the question“What are the best roguelikes/roguelites on PC?” Tales of Maj'Eyal is ranked 10th while Spelunky is ranked 15th.
Specs
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Pros
Pro A lot of depth through many character classes and quests
Pro Pretty polished compared to other open source games
Pro Easier to learn than some other roguelikes
The graphical menu system helps a lot.
Pro Built-in but optional chat system for bragging or when you get lost
Pro Up to 4 player local co-op
Spelunky features 4 player local co-op where players share the same screen, which can get a bit hectic.
Pro Provides an interesting challenge by heavily relying on increasing your skill
Spelunky gives the player everything needed to succeed from the start so it is only when the players skills get better will they advance.
Pro Quick sessions so you can play in short bursts
Being that Spelunky is at its heart a roguelike the gameplay sessions can tend to be quick as the player will die quite often. This makes for something that can be played in quick bursts throughout the day. The convenient saving also lends to this as a game that is still ongoing can be quickly saved in order to be picked up at a later time.
Pro Expanded gameplay through mods to improve replayability
Ranging from Mega Man to Metroid, there are a tone of great mods for Spelunky all of which make for a new experience in the game which vastly expands the replayability.
Cons
Con Bad balancing
Not all classes are balanced. Some are clearly weaker. As an example, every class that can summon, cannot avoid their summons to waste their skills. This is not important, except if you only have 1 summon, like the alchemist, that often charges you.
Con LUA bugs
It depends on LUA for many (if not most) things, this could ease the development, but in the end, the result is several crashes which are hard to debug.
Con Heavy resource need
Lots of graphics effects, which may make the game run slower on older systems.
Con Graphics may not appeal to everyone
Mostly because they are a mix of styles assembled throughout the lifetime of the project instead of one consistent whole.
Con Co-op is boring and confusing
In co-op this game is very confusing with little instruction on how to play. With little to spice up the game play, it gets boring quickly.
Con Difficult to the point of frustration
Spelunky is pretty difficult and some could say abusive, but with practice and a desire for masochism the game can be mastered.