This question can be answered with other questions:
What type of performance do you want fast/tourer/torquey/etc ?
This then leads to the question of "what kits are available that meets the spec' you require" ?
if it comes down to 2 kits that meet the spec' you require and 1 is plated and the other is cast......then the debate begins
If both kits are set up correctly then the difference between plating and cast is irrelevant.
If not set up correctly then the plating will be slightly more forgiving in the tolerance of error (imo

) but if a seizure does occur then the cast is probably cheaper and easier to repair. Re-plating a barrel is going to cost around £150 (inc' delivery) plus a new piston. The plating can only be done by a few companies in the UK. A badly seized barrel may require a re-bore which can usually be done by a local company usually costing a lot less than the re-plating. The cost of a seizure makes the cast the preferred choice, but.....the running in (1000 miles on cast versus 100 miles on plating) can be off set against the cost to favour the plating.
Most modern vehicles are using plated cylinders so logic would favour the plating. Never-the-less the Lambretta is designed for a cast barrel and there are plenty of tried and tested kits/set-ups that are working fine with a cast set-up.
Personally i'd opt for the plating but I do fancy one of the cast kits that are available
The bottom line is: if one method was better than the other then only one of them would be available.