What are the practical differences between template-driven and reactive forms?

Question

I have been reading about Angular2 new Forms API and it seems that there are two approaches on forms, one is Template driven forms other is reactive or model-driven forms.

Answer 1

Template Driven Forms Features

• Easy to use
• Suitable for simple scenarios and fails for complex scenarios
• Similar to AngularJS
• Two way data binding(using [(NgModel)] syntax)
• Minimal component code
• Automatic track of the form and its data(handled by Angular)
• Unit testing is another challenge

Reactive Forms Features

• More flexible, but needs a lot of practice
• Handles any complex scenarios
• No data binding is done (immutable data model preferred by most developers)
• More component code and less HTML markup
• Reactive transformations can be made possible such as
  • Handling a event based on a debounce time
  • Handling events when the components are distinct until changed
  • Adding elements dynamically
• Easier unit testing