I find 3 hole punch paper to be a superior product. You don't need to punch out the holes and aren't left with the little dots laying all around. It is better than say two hole punch and one hole punch as you need three axis onto which to bind the document together. Some could argue that you can just do 2 holes and leave out the center hole true but it is a classic and should not be tampered with. Now as for 3 hole punch vs no hole punch paper which is better? It would depend on the usage. 3 hole punch would not be very useful for resumes as it would give off an odd appearance but despite this fact the person doing the interview would likely prefer a 3 hole punch paper as it would be easy to store inside of a binder. This contradiction is the paradox of 3 hole punch paper. But overall I say in my review that 3 hole punch paper is a deceptively useful product and highly recommended.
Each year I prepare a tax notebook of information for our accountant and I have found this is the best paper to use. It holds up well and even the notebooks from 5 years ago have crisp white pages with the ink still looking as good as it did that day the pages were printed.