Horn of the Skeletal Mount vs Dreamhunter Fang

Horn of the Skeletal Mount
Binds when used
Requires Level 40
Use: Learning
Use: Summons and dismisses a rideable skeletal horse.
Item Level 40

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Dreamhunter Fang
Binds when picked up
Classes: Warlock
Use: Combine the collected reagents into a rune that will teach a new Engraving spell.
"A unique reagent that carries a fiery essence. A new rune may be crafted if you find other similar components."
Item Level 40

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Side by side:

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Stat Horn of the Skeletal Mount Dreamhunter Fang Δ
Item Level 40 40 0
Required Level 40 −39
Binding Binds when used Binds when picked up

Δ is Dreamhunter Fang minus Horn of the Skeletal Mount: green where Dreamhunter Fang is better, red where it is worse (a lower required level is better; speed and sell price have no better side). Total Stats adds up Str, Agi, Sta, Int and Spi.

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