On paper, the electric fireplace does everything a real fireplace does. There’s heat, light, smoke, and even a flue.
If you’re willing to suspend your disbelief, the electric fireplace can get pretty close to the real thing.
But some of the magic is missing. The pop and crackle. The effort to get the fire started. The time spent tending to the flame. The searing heat as you open the door to put on another log.
One isn’t wrong and the other right. They’re just different.
And as with many alternatives in life. Neither choice is wrong, they’re just different.