When comparing Material Components for the Web vs Material Design Lite, the Slant community recommends Material Design Lite for most people. In the question“What are the best frameworks/libraries for implementing material design on the web?” Material Design Lite is ranked 6th while Material Components for the Web is ranked 8th. The most important reason people chose Material Design Lite is:
Material Design Lite is a framework created by Google, who are also responsible for the creation of Material Design.
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Pros
Pro Can be wrapped in common frameworks
There's already wrappers for Vue, Angular, etc.
Pro Web components
Pro Open Source
Pro Framework Agnostic
No dependency on Angular, Polymer, React or any other.
Pro Made by the core Material Design development team
Pro Developed by Google
Material Design Lite is a framework created by Google, who are also responsible for the creation of Material Design.
Pro Very customizable
Cons
Con For modern browsers only
Con Deprecated
No longer maintained
Con On limited support
Google moved further development efforts to Material Components for the web.