Latch Vs Flip Flop

Latch: i) Level sensitive element

ii) Occupies lesser area than a Flip Flop

iii) Because of lesser area and switching activity, consumes lesser power

iv) Time borrowing is possible with a Latch. Hence operating frequency can be higher

Flip Flop: i) Edge sensitive element

ii) More area than a Latch

iii) Since area and switching activity are more, power consumption is more than that of a Latch

iv) Time borrowing or cycle stealing is not possible with Flip Flops and so the slowest path decides the operating frequecy