The magic waves are very versatile, especially if you can track down an older 5 box (pre 2024) model. Very quick to plane, good upwind and feel light under your feet. Love mine and the quad option is great for bigger days.
Can't really comment on a freewave, i havent ridden a recent one. But i will anyway

I reckon they'd be quicker but not as wave oriented. I'd go for the magic wave if jumping and riding is your thing. The magic wave would be comparable to a Grip 3, rather than freewave