The biggest and most important difference in the two materials is UV protection. Suede is not UV protected and as a result will fade in the sun without treatment. You can buy UV spray; however, I cannot say how well it works or how long it may last. There is little "give" in Alcantara. Since suede is leather it stretches and shrinks. So you'll have less "crumpling" in complex corners with leather/suede. For a steering wheel this is beneficial. Nevertheless, a properly wrapped Alcantara wheel will show minimal wrinkles if any. This depends entirely upon the design of the wheel. We do not use suede splits, as the material is far too thin and likely to tear easily. Suede will probably not wear as nice as the Alcantara, as rub zones will wear to smooth patches. Padded wheels are better suited to Alcantara covering. The padding allows the material to lay a bit more flat and even. Additional padding is recommended when choosing Alcantara to reduce/eliminate wrinkles. Thanks for reading