I have owned both and would take the 316ce over the 314ce which is why i bought the 316ce. I guess different people hear different things. It's just what you prefer. Just as a comparison I recorded a comparison of my 316ce and my custom built Schenk dread. The Schenk is Adi over Sapele. You can make a judgement for yourself.
http://www.youtube.com/watch?v=0ZmnqFpMrKA