I've had both (actually, I've collected every Baygen Freeplay model )
and after fairly extensive comparison, I think the Grundig has
generally better SW and AM reception, better dial resolution (though
that's not saying much) and is much more portable. I do like the
Freeplay Plus's clockwork spring better.

Much as I like to play with these radios, they really aren't any good
as emergency radios. You would be far better off with a Grundig
G4000A, Kaito KA-1102, Sony SW7600GR or similar portable. Add a box of
alkaline batteries from Costco, Home Depot, etc. and you'll have all
the SW reception ability you'll need in an emergency. I keep a KA-1105
and a box of 40 alkaline AA batteries (refreshed every two years) in my
emergency kit.