Here's some notes on why I would stick with Faye, which might bring you closer to an answer on this question:
Browser compatibility
As you read in the related stackoverflow question, Faye has better browser compatibility.
Stability
Rails::Live functionality doesn't seem to be very stable yet. There's currently active development on Rails SSE. As an example, it's quite unlikely that you won't be affected by this issue.
Threading & blocking vs asynchronous non-blocking
Do you use multi-threading in your application? If you don't, I definitely wouldn't introduce it just for Rails::Live as it opens up the possibility of non-threadsafe gem issues & limitations of server choices.
If you do have multi-threading, each client will keep a thread open to your application. If you run out of threads your application will be unresponsive/dead. Consider how many threads you need to cater for peak times with users having multiple browser tabs open, or even DOS attacks where someone opens up a huge amount of idle SSE/websocket connections to reach your max and take your app down. If you set a high amount of max threads to support many idle connections, you open up the possibility of having that many non-idle threads which could have it's own problems. No SSE/websockets and no comet/long polling is much safer for blocking apps. From what I understand, your setup runs Faye separately. The Faye server runs Ruby EventMachine or Node.js which are both asynchronous non-blocking and do not use a thread for each open connection. It can handle a huge amount of concurrent connections without problems.
My opinion is that a normal blocking Rails web application with a separate asynchronous non-blocking server for connections that stay open (to pass messages & make the app live) is the best of both setup. This is what you have with Rails + Faye.
Update: Actioncable was announced at Railsconf 2015. It runs non-blocking as described above, but it's an integrated official Rails solution. Having a single framework with a massive community, an integrated non-blocking connection handler for websockets that you can run and configure separately while everything works "out of the box" is a big advantage of Rails.
From Action Cable readme:
Action Cable is powered by a combination of EventMachine and threads. The framework plumbing needed for connection handling is handled in the EventMachine loop, but the actual channel, user-specified, work is handled in a normal Ruby thread. This means you can use all your regular Rails models with no problem, as long as you haven't committed any thread-safety sins.
To learn more you can read up on ActionCable & Underlying architecture.
