Speed isn't everything when it comes to laptops - there are other, equally important considerations. Perhaps if you gave us a bit more information about both machines we'll be able to advise you better.
I deliberately didn't given other details because I don't want other factors to confound this. For all intents and purposes, they are roughly the same, i.e. both 14" screens, similar size, weight, both run Windows 7.
I just want to know which one is likely to run faster. Basically, is RAM or processor speed more important? Will having a SSD make a difference to how fast the PC runs?
In this instance the one with the too small capacity SSD. The OS and security programs and other drive management programs would fill the drive. You'd need to disable hibernation to save space and that isn't good for a portable PC. Most of the bigger programs would need to be installed on the data drive anyway.