The 12FV is WAY better in my opinion.... And the aftermarket parts available are far more plentiful. the 12FV is more accurate (or at least has the potential to be). The aftermarket stocks for the 12FV have WAY more options as well.

I've built my rifles off of the 111 action and the Axis... If I had it to do over again, I would not even touch an Axis. I'm a lefty though, so I didn't have the option of going with the 12FV.