Honey is sugar, plain and simple, so neither one is better for you if you're looking at it from the view of a sweetening agent alone.
I only personally prefer honey over cane sugar as it's certainly a whole lot less processed (or rather, not even processed at all - the brands I buy. I'm lucky enough to live some place where I can purchase honey from local farmers. PS - google "Hawaiian White Honey" - it's expensive, but holy cow is it GOOD. It's got great floral undertones to it. It's thick and creamy, too - spread it like butter.)
I like the flavor of honey better overall as well.
About the only time I don't use honey is in baking recipes that call for granulated sugar. I'm wary of altering the chemical reactions in baked goods by using honey instead of sugar.
You may actually find you use less honey than you would cane sugar, too. I personally find honey tastes a lot sweeter than cane sugar.
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