The SR300 and The One are very similar balls for me.
The One is drilled pin under ring. The SR300 pin over ring.
The SR300 is a few feet longer than The One and makes a harder turn to the pocket.
The SR300 is more versatile than The One. It works well on a fresh or broken down shot. Whereas The One starts leaving corner pins as the shot breaks down.
Also, the SR300 seems more controllable. If you pull the shot, the SR300 will hold lone and go brooklyn, The One snaps at the 7 pin.
On a fresh shot, I take out the The One. For everything else...its the SR300. As mentioned it is the ultimate house shot ball. I dropped down from 4 ball arsenal to just these two balls (not including plastic for spares)