This is not a ‘yes’ or ‘no’ question. On the surface they may seem to be the same thing, but in reality they are very different. One isn't necessarily better than the other it just all comes down to what you are looking to get out of your time spent in the gym.
Training; is generally geared towards long term strength & fitness development. It requires the understanding that one session leads into the next, then into the next and follows a program built around developing the specific movements, muscles groups and energy systems that are appropriate for your goals. It requires consistency over a prolonged period of time to get sustainable results; and therefore should also include an emphasis on injury prevention and progression over time that can be customised to your individual needs.
Exercise; is great for people who are wanting to get moving. The results of exercise are focused on the short term, with the goals not moving too much further than each individual session. Burning ‘x’ calories per session, hitting ‘x’ heart rate or as simple as just having fun with movement and being active. The day to day plan can be a little random with little or no attention paid to the long term structure of the program and can generally be programmed on mass with generic movements for multiple people.
So which one is better than the other? It all comes down to you. The key will always be context.
What are your goals? Why do you workout?
Specific goals require specific training. Generic goals don't require a plan they just require movement.
The choice is completely yours.
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