Too me it is neither. Orange Peel (OP) could give a smooth beam from the hotspot to the spill, with no rings. Smooth (SMO) gives a very bright hotspot and spills with rings, with the spill no smoth over or in other words the hotspot is not deffused.
To give a better throw, the reflector shall be deep enough and for an even tighter hotspot, the reflector size should be big also. This couple with SMO will even gives a far longer throw.
As an example, I got 1 Olight M20 R2 warrior with SMO and OP. The OP gives reasonable throw with good spill while the SMO gives longer throw and less spill. Likewise Tiablo A9 with an even OP reflector gives much further throw and good spill than M20 with SMO. This is because Tiablo A9 has deeper reflector