It's definitely more compressed in the live version, but also the studio version has less low end on his vocals, so his voice is deeper. It could also be the mic too.The live version sounds compressed to hell.
In my headphones the reg version beat pops more. U can make out the instruments one by one.
The live version the vocal outpowers the beat and can only hear the vocal.
As to which is better? Eh. Preferences.
I do think it's preference as well, plus he performs the song differently in the live version. I don't feel like the song is that hot tho either way