Ok, I've done more research and doodling. Both have DropBox Support and both allow you to hand write text and convert it later. After wasting much of yesterday playing with both PhatPad and 7NotesHD Premium, I'm more undecided than ever. It it is easier, with PhatPad, to scribble first and decode later. I have to write more legibly with 7Notes for it to work. As for real time conversion, I find it to be a toss up, but leaning to PhatPad. I find 7Notes, won't let me override it's suggestions. I had a real hard time entering the word iPad. It kept changing it to iPod.
I am looking for a solution where I can jot hand written notes in a meeting and convert them later. The real time conversion is a little too slow. Of course I can use a Bluetooth keyboard in meetings. But I have to bring a stand to prop up the iPad. Might as well get a notebook instead. That is why I'm now leaning to PhatPad for non-real time entry. One advantage 7Notes has, is it will scroll the hand written notes, where PhatPad will force you add a new page.
I have to leave now, but will post how to do DropBox later.