"Better" is a relative term, and any opinions are quite arguable. I much prefer Wings for modeling, but it doesn't do texture mapping or animation, plus it doesn't export to b3d. Milkshape supports that stuff, although there are other tools available that are better for those tasks (which is why I would recommend them over Milkshape.)
That said, Milkshape has WAY more tutorials than Wings, so if you define "better" as "easier to learn" then Milkshape is better.
That said, Milkshape has WAY more tutorials than Wings, so if you define "better" as "easier to learn" then Milkshape is better.