As noted above, the Western 4 Elements have generally been seen as a bit more “woo woo” than the Eastern 5 Elements. In my personal opinion, the 5 Elements are more useful in every day life than the Western 4 Element system. But of course, I would say that.
In the end it depends what you want to do. The Eastern Five Element System has been accepted in the mainstream of the most populace area of the world for millennia and is still part of the health system today. It is the basis of, not just acupuncture, Chinese Medicine and things like Shiatsu, but also of the martial arts, meditation, creativity and even tea ceremonies. It’s a cultural given in a way that the Western 4 Elements system is not.
In the end, from my point of view as a practitioner of 20+ years’ standing, the 5 Element system of the East is applicable in many more situations, conditions and issues than the Western 4 Elements.
I’m also a “feet on the ground” kind of person, so I prefer the 5 Elements of the East because the system is more grounded.