I'm just curious, for writing's sake, and I am also open to your own examples and opinions!
The ones who sell their souls to this great witch!
But really, it is my belief that an author who uses a villain that doesn't illustrate a point is a bad author.
Villains are not antagonists, they are bad guys. Which means the author has a point to make as to why they are bad and why it is bad to be bad.
If this is not done this is just poor writing
EDIT: another thing is that a villain has to lose DUE TO THEIR OWN FLAW. If a villain wins or even doesn't lose it means the author has not shown that the villain's way is erroneous but shown that it is just another valid way of action instead which stops a villain from being a villain. If a villain loses but not due to their own flaw it means that they were just unlucky and/or the author was not able to make a compelling point.
As to your question, none is better than the other.
ANOTHER EDIT:
Now that I think of it, a villain can technically win, like in starship troopers, and there are stories where there are only villains but that is a whole other can of worms