When comparing Emacs vs FlashDevelop, the Slant community recommends Emacs for most people. In the question“What are the best programming text editors?” Emacs is ranked 9th while FlashDevelop is ranked 40th. The most important reason people chose Emacs is:
Emacs can be controlled entirely with the keyboard. While true, I often find the mouse and menus handy for those lesser-used commands. An aide-memoir.
Specs
Ranked in these QuestionsQuestion Ranking
Pros
Pro Keyboard-focused, mouse-free editing
Emacs can be controlled entirely with the keyboard. While true, I often find the mouse and menus handy for those lesser-used commands. An aide-memoir.
Pro Total customizability
Customizations can be made to a wide range of Emacs' functions through a Lisp dialect (Emacs Lisp). A robust list of existing Lisp extensions include the practical (git integration, syntax highlighting, etc) to the utilitarian (calculators, calendars) to the sublime (chess, Eliza).
Pro It's also an IDE
You can debug, compile, manage files, integrate with version control systems, etc. All through the various plugins that can be installed.
Pro Free
Licensed under GNU GPL.
Pro Self documenting
Emacs has extensive help support built-in as well as a tutorial accessed with C-h t.
Pro Works in terminal or as a GUI application
You can use Emacs' command line interface or graphical user interface.
Pro Great documentation
With 30+ years of use the Emacs documentation is very thorough. There are also a lot of tutorials and guides written by third parties.
Pro Ubiquity
Fully compliant GNU-emacs is available on many platforms, and they all understand .emacs configuration files.
Pro Lisp customizations
With lisp customization, any behavior of Emacs can be changed. Update with pre-release patch can be also applied without recompiling the whole Emacs.
Pro dabbrev-expand (Alt-/)
Dynamic word completion.
Pro Provides org-mode
Advanced planning and publication which can start as a simple list.
Pro Mini buffer
You can pass complicated arguments in the mini buffer.
Pro Enormous range of functionalities (way beyond simple "text editing")
Through its programmability, a very broad range of functionalities can be integrated in emacs, turning it even into a "single point of contact" with the underlying operating system.
Pro Rectangular cut and paste
Emacs can select rectangularly.

Pro Vi keybindings through Evil mode
Evil mode emulates vim behaviors within Emacs. It enables Vi users to move inside the Emacs universe.
Pro Has been widely used for a long time
The first verion of Emacs was written in 1974 and GNU Emacs in 1984.
Pro Visual selection and text objects with Evil
Evil is an extensible vi layer for Emacs. It provides Vim features like Visual selection and text objects.
Pro Support multi-line editing, multiple frame, powerful paren, crazy jumping style
Review the "Emacs Rocks" video.
Pro Cross-platform
Works on Linux, Windows, Macintosh, BSD, and others.
Pro Integrates planning in your development process
You can jump straight from your org-mode files to programming tasks - and back - and build a seamless workflow.
Pro Helm plugin adds even more power to Emacs
Powerful commands, search, and more with the Helm plugin.
Pro Versatile
Emacs is great for everything.
Pro GTK+ widgets support
Since version 25 you can run GTK widgets inside Emacs buffers. One of these is the WebKitGTK+, which allows the user to run a full-featured web browser inside Emacs with JavaScript and CSS support among other things.
Pro Excelent tutorial to get you started
The tutorial you are presented with at startup shows you exactly what you need to get started and teaches you how to use the built-in help yourself later.
Pro Interactive Shells
Emacs has a number of shell variants: ansi-term, shell, and eshell.
Pro Gnus
Managing several large mailing lists has never been easier using Gnus. The threading commands and the various ways of scoring articles means that I never miss important messages/authors, etc. A joy to use.
Pro eshell is cross platform
You can use the underlying operating system shell as a terminal emulation in an Emacs buffer. Don't like the default shell for your configuration? You can change it to your liking.
Pro Excellent Lisp editing support
Built-in packages make editing Lisp source code feel natural.
Pro use-package and org-mode
Missing some neural package that predicts actions
Maybe in the next release ...
Pro Free
FlashDevelop comes without any cost.
Pro Haxe development support
FlashDevelop has first-class support for Haxe development, the open source toolkit based on a modern programming language and cross-platform library.
Pro Good code completion
FlashDevelop's code completion is pretty good.
Pro Excellent support for Actionscript 2 and 3 (Flash)
Although everyone claims Flash is dead, it's still quite useful for game developers due to its rapid compile and run times, as well as its great debugging functionality with FlashDevelop.
Pro Good number of project templates
While it's project template system is not the best compared to it's competitors, it still is decent and is a good way to generate some boilerplate code.
Pro XML/HTML completion
FlashDevelop has XML/HTML completion aside from code completion.
Pro .NET Framework 2.0 application
It's windows only, but has tremendous support from plugin developers and a dedicated team that's been developing it for close to 10 years.
Pro Source-control support (svn, git, mercurial)
Pro Great debugging
FlashDevelop provides very efficient debugging features.
Pro Supports Zen-coding for HTML
This is very useful for carrying out high-speed HTML coding and editing.
Pro Snippets
Pro Tasks/todo
Pro SWF/SWC exploration
Pro Great project compilation
FlashDevelop facilitates project compilation.
Pro Decent code generation
Although the code generation can't really be called top-notch, it's decent and sufficient for most developers.
Cons
Con Learning curve is long
While it's better than it used to be, with most functions being possible through the menu, Emacs is still quite a bit different from your standard editor. You'll need to learn new keyboard shortcuts.
Con Sometimes the extensibility can distract you from your actual work
If I ever want to lose half a day, I'll start by tweaking my .spacemacs config file.
Con Keyboard combinations can be confusing for new users
For example, for navigation it uses the b, n, p, l keys. Which for some people may seem strange in the begging. However they can be changed easily.
Con Documentation is not beginner-friendly
Although lots of good built-in documentation _exists_, I have after four years of Emacs as my primary editor not figured out how to actually make use of it, and rely completely on Google / StackOverflow for help.
Con Hard customization
For customization, you need to learn Lisp
Con A lot of jokes in this serious software
Con Using Emacs on a new machine without your .emacs file
Con Windows only
FlashDevelop is for Windows only, and it's not cross-platform either.
Con Haxe debugging is in its infancy
Although FlashDevelop supports breakpoint debugging on Flashplayers, native Haxe applications (C++) can't be easily debugged within FlashDevelop.
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