The Wraith is better
I don't mind when movies are copied, for instance Yojimbo has been redone countless times, and I enjoy most iterations and re-imaginings of that film, even the sword and sorcery version with David Carradine called The Warrior and the Sorceress.
The Crow copied The Wraith, but it wasn't as good. It even tried to copy the importance of the soundtrack, and doesn't live up there either. Brandon Lee is pretty good, but it's such an over the top performance, I truly prefer him in his 90's actioners like Rapid Fire and Showdown In Little Tokyo over this.
The action in The Crow compared to The Wraith doesn't live up to the original. The Crow was focused more on its visual style than the quality of the action or the stunt work. When you watch The Wraith you get POV high speed racing action on mountain roads, with the cameras mounted on the front of the cars so the viewer can almost feel the blacktop scraping their face, along with the high intensity 80's metal soundtrack with Ozzy, Robert Palmer and Lion to name a few.
The Crow has a fan base that were teenagers in the mid 90's going through the fad-ish Goth phase, or perhaps even were influenced to become 'Goth' by The Crow and the Trent Reznor industrial soundtrack. It is not the better film, despite the large gap in IMDB ratings between the two films. The Crow isn't even very good, all things considered, a rather throw-away early 90's comic book movie when those movies almost always sucked during that time period. Blade was about the only good CBM to come out of that decade, truly.