Wish there was an edit feature.
The main differences:
Malossi is a bit more expensive and seems a bit better fit and finish quality. It comes with a stronger counter-spring, allows another combination, only really useful on a highly tuned, high rpm bike. or with heavier weights. One set of fairly light roller weights, good for highly tuned bike, too light for stock, even with the stock spring, so will most likely require additional weight purchase, hollow centers can be packed with lead or drilled out to adjust weight yourself. The static pulley is separate from frame spacer/bushing, as in the original stock vespa design.
The polini is a bit cheaper, though there has been a report of one not finished and fitting together so well, which eventually lead to failure, however, questlove just installed one on his ciao and did not mention any such problems. It does not come with a stronger counter-spring. Two sets of rollers, one lighter, one heavier, allowing for more weight combinations from the get-go. Solid centers so cannot be packed heavier, I think it would be possible to drill them lighter if ever necessary. I believe quest is using the blue/heavier (?) weights on his ciao which is pretty darn tuned out.
They both come weighted for high revving engines, the more rpm, the lighter weights and heavier spring combination you can use to shift at higher rpm. They can and will need to be tuned to whatever you put them on.
Now, which one to buy? It really depends on which of the above are pros and cons for you to make it easier to tune it to your bike.
For example; I know that, for a stock-ier bike, the malossi will need heavier weights. The malossi ones can be packed with lead (pro), in increments (try before you buy, pro) to 7+g and it's almost (con) enough with the stock spring, but the yellow counter-spring is pretty useless, unless maybe with much heavier weights, thought it might work really well then i don't know yet.
The polini you get two sets to play with (pro), and you can mix and match three and three, or even maybe four and two, giving you more weight increments / combinations from the get go (pro), but I don't know if they'd be heavy enough (?), and you can't make em heavier yourself, have to buy heavier ones to try before you know what weight will work (con). I think there may be a inter-changeable weight kit for them though (pro)
This also lets each of them grow with your bike in a different way, by either going to the heavier spring or lighter rollers.
To help us help you decide, plese give us some more info about your bike and what you have done to it.