Morehead is better than HYPS for prestige.
Frank Bruni of the NY Times writes he was lucky to get rejected by Yale which sent him to UNC instead. Get a copy of his book.
Morehead will provide extra special mentoring, support and experience as compared to a regular student at HYPS.
Morehead is better for the money.
Fit/experience depends on your kid.
In most years, Morehead would also provide a much better basketball team. But that’s not true this year.