It is more about forming your own opinions though - hjort is pretty clear about how he views the structure, and doesn't enforce it on anyone.
Comparing schools is a really tricky thing to do. If you think somewhere is inferior, maybe do it as a back-up. If you like it, apply to it. This whole thing isn't just an investment in a qualification - it is two years of your life, your making friends, and more friends you will know the rest of your life.
As a general rule, most UE/E schools will have similar(ish) opportunities, with a bias in their favor on some things. Harvard will see a lot of PE/VC (at least compared to everywhere else, and that may not be much in itself), other schools will see some more of other things.
I come from a different angle as an alum, and am very clear where I feel Stern is strong to Columbia, and others where it turns the other way. So, I would say it depends. Visit them both, and then come back to me. You will be a very unusual person if you feel you like them both. And honestly, hating two years of your life at the school that is a ranking place above / better at placing seal trainers / offers more scholarships - it isn't going to be worth it.