The Aquacontrollers are much more flexible - but with flexibility comes complexity that some people don't want to mess with.
One option I don't see mentioned here is the Aquacontollers ability to simulate the cycle of the moon. Complete with the moon fading in and out and the lunar cycle. Very cool but oviously not required for everyone.
The Aquacontrollers can also raise and lower your tank temperature for the season to duplicate the seasonal temperature variations of the ocean. Again, very cool but oviously not required for everyone.
The RK can control 8 items, the AC jr 12 and the ACIII 24.
All 3 can log data to a PC through serial port.
The ACIII includes it's own web server that allows you to view status, manually control all aspects of your controller, and edit the control program from a standard web browser. It can send email alerts to any email address (think cell phone's SMS address) based on any configured trigger (temp too high or low, pH too low, etc).
The ACIII can be expanded to add Temp, pH, Orp ports and digital inputs. The additional pH ports can be monitoring another tanks or maybe the pH in your CA reactor. The digital inputs can be connected to things like flow sensors (to make sure pumps are running), float switches (for an automated, auto top-off or maybe an overflow alarm), water on floor sensors, humidity sensors, etc.
Can you tell I'm an Aquacontroller fan?