No, they are not. How you play, who you play with and what kind of time you can sink into the game will mean your efficiency in one area will or won't be greater than the other. Also include whether you really, really hate dailies.
The rewards behind dailies improve your gameplay. But that gameplay isn't dependant on them. You can continue to quest/raid without those rewards. I know we've had characters who levelled without any talents at all, but let's assume those people are a little bit crazy since it would make things a lot more difficult.
If you don't like dungeons, fine. They still give you gear.

MMO-Champion
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