When comparing Chromium OS vs Linux From Scratch, the Slant community recommends Linux From Scratch for most people. In the question“What are the best Linux distributions for desktops?” Linux From Scratch is ranked 63rd while Chromium OS is ranked 89th. The most important reason people chose Linux From Scratch is:
It is an opportunity for the learner to learn what's behind every piece of program in the system, because you will install and configure all the packages manually. It is also as an advantage to expand your knowledge by searching the possibilities of crafting your unique flavor, for example your own package manager and update schemes.
Specs
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Pros
Pro Safe and requires little to no maintenant
Since you only have the browser, you cannot install applications (outside Chrome Apps which are decently protected by their limited API and the Chrome Web Store). This means no harmful virus, and also nearly no way you can screw your system. Everything will just work.
Pro Minimalistic interface
Chromium's system UI uses as little screen space as possible by combining apps and standard web pages into a minimal tab strip: While existing operating systems have web tabs and native applications in two separate strips, Chromium OS combines these, giving access to everything from one strip. The tab is the equivalent of a desktop application's title bar; the frame containing the tabs is a simple mechanism for managing sets of those applications and pages.
Pro Lightweight
Because Chromium OS is designed for users who spend most of their computer time on the Web, it is intended for use in computers with little local storage and fast boot-up times.
Pro Best for learning the components, libraries and configurations of the whole system one-by-one
It is an opportunity for the learner to learn what's behind every piece of program in the system, because you will install and configure all the packages manually. It is also as an advantage to expand your knowledge by searching the possibilities of crafting your unique flavor, for example your own package manager and update schemes.
Pro For those who wonder what it takes to create an actual Linux distribution
It's a very useful learning experience; showing the user what is required and in what order, to obtain a running Linux system - from the inside out.
Cons
Con Google
Possibly harms your privacy.
Con Made for developers
ChromiumOS is mainly made for development, so there exist no official install images and you have to build it from source or use third party images like Arnold's or the waterfall images.
Con No auto-upgrade (unlike Chrome OS)
Chrome OS auto-upgrade the system, but Chromium OS does not. It's possible that they're thinking about adding that feature from the design doc.
Con Not recommended for Beginners
By creating a Linux system from scratch you will be managing and compiling all of the systems packages by hand, so advanced Linux knowledge is recommended.
Con Takes a while to create the system. Only for those people who would like to create their very own distribution, or just to understand what makes a Linux system tick.
Linux From Scratch, requires the user to download and compile, all the various required system libraries and programs in a ch-rooted environment. This is usually done from within an existing and already running Linux system. This is not really a con, just a note to the new user.