In what world a model that has a completely plain face with a texture pasted on it
is better than a face with modeled eyes, nose, mouth?
To be perfectly honest, of those two shots I do think the model in Ys looks actually quite a bit better, with neither being very good or bad to me. I think the attempt to model the eyes nose and mouth with the graphics being on the lower end makes it look worse than the painted on look Ys has. And it is part of the style, the Ys model closely matches the anime character drawing below, the design was not meant to have modeled features.
The two things you are comparing are design decision differences, so all you can really get in response are different opinions on what people prefer.
E: Top of page? Get Ys: MoC on sale tomorrow and decide for yourself about the graphics! Also Muramasa for less than the price of my lunch today.