Real alligator strap vs embossed cow leather - functional/durable comparison

Based on my search, this topic has been done here before but the threads seem to get off topic before there’s much of an answer or consensus.

I’m only interested in the functional difference between authentic alligator straps and their much cheaper embossed leather counterparts. Will gator last longer? Is it more wear or water resistant? What are the actual useful benefits of real gator? Etc.

Or or is it just a pricey luxury strap material that feels better and looks better (arguably I’m sure)?