List view, no question. Mag view is great for when I want to pretend I am using Windows 8's layout. I vehemently dislike Windows 8 for its layout changes, despite its other improvements. It's modern! It's metro! It's inefficient and makes Snapzu look like a clickbait site because those are the only other sites that use such an obtuse layout. There's a reason the largest content aggregator in the world uses List view.
It's good for images, and not much else, unfortunately.