Different people have different preferences.
My own minimum requirements for a security system that monitors life-and-death emergency situations are:
- it work when both the Internet and the power off
- it have professional monitoring for both police emergencies and fire emergencies
- it communicate with the monitoring center via cellular, not Internet.
At the present time, smartthings does none of the above. So I use a separate security system, for which I pay a monthly fee, and use smartthings for various home automation purposes.
There are other people who just absolutely hate to pay a monthly fee, or who really want to have everything all on one screen, so they will have different priorities and choose different set ups.
The Honeywell system and SmartThings were really designed for different purposes, and have very different features.
At the present time, there are no video cameras that integrate with the V1 smartthings hub for live streaming. We have been told that there will be some video streaming options with the V2 hub eventually, but we don’t have any details or timelines yet.
Smartthings does not at present have any compatible wall-mounted keypads. Some people are using android tablets with a software display, but it’s important to note that that will not work if the Internet Is down.
Other people use a simple handheld security fob, and there are couple of options that do work with SmartThings.
It’s also good to look at the specific features for each device. Several of the Honeywell wall panels for example, also act as a two way intercom with the monitoring center. A lot of people like that in a security system.
So it all comes down to your own personal preferences.