Been having these discussions for a while now. It all comes down to timing. As Juno has showed he bought OFs at the right time (although there were no OGs at the time). When I was deciding to buy OGs were already in the money and trading at 1.3c and OFs were around 0.6/0.7c mark. OGs now 2.6c (and trading at .4c discount). OFs now 1c (and trading at 1.3c premium). OGs have outperformed OFs AND they are much more liquid and less risky being in the money already. Strictly speaking once OFs are in the money their premium will start reducing significantly. OGs still the better opportunity imo but that would most likely change at 6-7c. OHs are basically illiquid, held mostly by top 20 shareholders. Only 2.5mill on ASX have trades since they listed.
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