All things being equal, 45's sound better. Usually they have a much bigger gap at the end of each side where the sound deteriorates due to the angle change between the stylus and record deviating more and more from 90 degrees. May be less apparent with linear tracking arms.
Also, having more information coming through in the same time improves the depth of the sound. Usually 45's are produced with higher standards and are more expensive since 2 discs have to be used.