When comparing ChromeOS Flex vs Slax, the Slant community recommends Slax for most people. In the question“What are the best Linux distributions for an old machine?” Slax is ranked 28th while ChromeOS Flex is ranked 39th. The most important reason people chose Slax is:
Changes you make in the configuration persist if you run from USB.
Specs
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Pros
Pro Lightweight and fast
This is basically just Chrome OS which already runs on Cheap chrome books. It works well for web browsing and file storage on low end computers.
Pro You can try it via bootable USB
Pro Persistent changes
Changes you make in the configuration persist if you run from USB.
Pro Pretty fast to boot up
It was considerably fast to turn on when booting from cd.
Pro Modules
Standard tar archives plus some simple shell scripting produces modules that you can load dynamically into the OS for added apps and functionality.
Pro Modern desktop
Pro Small footprint
About 200mb, but with a full KDE4 environment and loads of useful apps.
Cons
Con Limited hardware support
There is a list online of about 100 or so computers that officially support Cloud Ready, but it can also work on a laptop not on that list, results may vary.
Con Only really meant for web browsing
To use the software, you need to have a Google account and log in. Because it's meant for web browsing and researching, you won't find software like Steam, Office, Adobe Photoshop, Aftereffects, etc; or even a 3rd party browser other than Google Chrome.
Although there are plenty of alternative web browser online, and in the Chrome Web Store, which is still supported by Chrome OS.
Con Overly complicated HDD/SSD installation
While it has a nice layout Slax's lack of an installer tool like Tinycore's just can't be justified. It seems strange that it comes built in with programs that some users may not want, yet it doesn't have an easy way to install it. Due to its heavier use of RAM, built in software, and lack of an installer its hard to choose it over TC.
Con Works slowly on old computers
Con Infrequent releases
Since Slax is maintained by only one person, releases are not that frequent. So it may take a while to get bug fixes or new features once you start using it.