I have used both, and currently own the CMI version. Personally, I prefer the CMI one because you can engage/disengage it using only your other foot. The rope also stays in without a 'biner, and is just overall, I think anyways, more user-friendly and cost effective ($20 less on TreeStuff.com).
The downside it the bulkiness of the ascender. With the pantin, it's light weight and low profile makes it hardly even noticeable. The CMI weighs nearly 3 times as much as the pantin, and sticks out about twice as far from your ankle. That hasn't caused any problems for me, it is just a hassle sometimes to have such a clunky thing right there. You could say it's "built to last," but I think it is way too overbuilt.
Just my $0.02, I would recommend trying them both out as it is more a matter of preference.
Jackson