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I'm probably (definitely) biased, because Urbs is my head coach and I love rushing offenses anyway.  Both systems were huge, but the read option basically carried Texas to a national championship, and was obviously pretty key for Florida and OSU in winning championships.  The Air Raid has taken over the Big 12, and was obviously really important for Oklahoma and Texas Tech, but hasn't quite been as successful on the biggest stage.

I agree.  The Read Option has a lot more adherents and they have had a much higher level of success with it.  I think the Air Raid is great for a school like TTech because it can take you from an afterthought to a conference contender but, at least so far, we haven't seen anyone take it further than that.  

I think of the air raid as a high-variance high-reward offense. You're going to have more points overall, but you're also going to have more 3-and-outs. Further, it wasn't really a structural or schematic change that much beyond what was already seen. It was an extension or existing passing concepts, just taken to their extremes.

I think of the read option / veer / inverted veer / etc as a synthesis of multiple offensive concepts into something that was truly harder to defend than any offense beforehand. The triple option is hard to defend, but it's a run-first mentality. The air raid forces you to defend a lot of space, but it's primarily a pass-first offense. The run and shoot was sort of an "option" offense in that it keyed on defensive alignment. The read option, especially as it's expanded into RPO, is basically an option offense that is no longer run-first. It's basically a synthesis of all of those into a single cohesive unit that--when run properly--means the defense is always wrong.

It seems like it's a much more meaningful/impactful change than air raid.

I have long viewed Air Raid as a rules-dependent offense; it exists because in some instances, OLs and WRs are allowed to hold. Often egregiously. 

I recall that Texas Tech once threw 70 passes against Oklahoma without a single holding call...that is utterly impossible under the rules of pass protection I grew up knowing in the 80s and 90s. This is to say nothing of the bear-hugging which is often allowed to occur on the perimeter in the screen game. Ridiculous. 

If the NCAA wants everybody to score 30 points a game, change the rules back to what they were and just let the offenses start at the 50 yardline. Then at least we'd see some I Form football again.