I'd like to share some comparisons between these two after a couple of weeks. Although I have both a Suburban LT3 and a Yukon XL Denali I'd think that this still might be of some interest here as this applies as well to the 'hoe vs Yukon as well. Below I will focus on the differences rather than the different options.
General
Fit and finish is not good on both vehicles where I had to repair a couple of smaller things. Despite nothing to worry about there is much need for GM to improve that. Regarding looks I won't comment here as everybody has different preferences.
Ride
As somebody mentioned that before in this forum the Autoride suspension is crap. The Suburban without that drives much softer and much more comfortable. The Autoride is just overreacting. The 6.0 is noisier than the 5.3. Also the exhaust noise is louder on the 6.0 even if this might be on purpose. Insulation is better on the Yukon making interior noise levels about the same in both vehicles. A Denali insulation on the 5.3 would be just perfect. Both vehicles do not have good insulation on the sides which was only improved slightly from the previous generation.
Powertrain
The 6 speed is comfortable and smoth but that is the same on the Suburban's 4 speed. For the 6 speed switching in to the first gear coming from the 2nd feels not smooth enough.
Power and fuel consumption
Although I can feel the difference between the two engines it is not significant. Here I might be a bit biased by my 750 lb/ft Super Duty. The 4WD vs the AWD is a plus in MPG. Riding the Suburban on 2WD mode I get some 20 MPG mixed. The Yukon is at 17 to 18 MPG mixed. That's some 15 % less. Also the 6.0 doesn't have the 8 to 4 cylinder shutdown mode.
Summary
Both vehicles are great when it comes down to carry lots of goods or passengers. For towing I would favor the Yukon or any other Chevy 6.0/6.2 SUV on the Suburban. When it comes to ride and comfort the Chevy is on top the line.
Hope this helps to somebody.
Jim
General
Fit and finish is not good on both vehicles where I had to repair a couple of smaller things. Despite nothing to worry about there is much need for GM to improve that. Regarding looks I won't comment here as everybody has different preferences.
Ride
As somebody mentioned that before in this forum the Autoride suspension is crap. The Suburban without that drives much softer and much more comfortable. The Autoride is just overreacting. The 6.0 is noisier than the 5.3. Also the exhaust noise is louder on the 6.0 even if this might be on purpose. Insulation is better on the Yukon making interior noise levels about the same in both vehicles. A Denali insulation on the 5.3 would be just perfect. Both vehicles do not have good insulation on the sides which was only improved slightly from the previous generation.
Powertrain
The 6 speed is comfortable and smoth but that is the same on the Suburban's 4 speed. For the 6 speed switching in to the first gear coming from the 2nd feels not smooth enough.
Power and fuel consumption
Although I can feel the difference between the two engines it is not significant. Here I might be a bit biased by my 750 lb/ft Super Duty. The 4WD vs the AWD is a plus in MPG. Riding the Suburban on 2WD mode I get some 20 MPG mixed. The Yukon is at 17 to 18 MPG mixed. That's some 15 % less. Also the 6.0 doesn't have the 8 to 4 cylinder shutdown mode.
Summary
Both vehicles are great when it comes down to carry lots of goods or passengers. For towing I would favor the Yukon or any other Chevy 6.0/6.2 SUV on the Suburban. When it comes to ride and comfort the Chevy is on top the line.
Hope this helps to somebody.
Jim