If you are talking about overall quality and silence then that would be:
1.
SeaSonic S12 Energy Plus SS-650HT ATX12V / EPS12V 650W Power Supply
I took a look at the data sheets for the S12 and the M12 series from Seasonic. They are very similar. From what I have been able to see, there are only 3 differences.
1. The M12 has dual fan cooling (one 12cm and one 6cm fan). The S12 has one 12cm fan.
2. The M12-700 has 56 amps across the +12v rails. The S12 Energy+ 650 has 52 amps across the +12v rails. Of course both the M12 and S12 series have models that provide less power, so I just compared the top models in each series.
3. The M12-700 is about $210. The S12 Energy+ 650 is around $160.
That's it. Those are the only 3 differences I could find (other than their names of course hehe).
I would choose the S12 series over the M12 series. I'm not totally convinced about the whole modular hype yet. Yeah, it makes cable management easier, but the connection point could have increased resistance, thus reducing efficiency. Also I think connection point could eventually break. But that's just my opinion about modular PSU for the moment.
More importantly, the extra 60mm fan introduces more noise. The two main reasons why I bought the S12 500 back in 2005 are because of the high efficiency and near silence of the entire S12 series.