I haven't played Old White, so I can't offer a comparison of the two, but the design at Bedford Springs is excellent. I especially like the variety of the par-3 holes, from the short pitch at #10 to an elevated (and thus blind or partially blind) two-tiered green to the brutally long #4 Volcano hole. The three others are also all very good: #2 calls for a draw to a green with a creek guarding the left side, #14 is the well known Tiny Tim hole that features a series of mounds left and a pond just short of the green, while #17 requires a precise mid-iron shot.
The course also features several very good short to medium length par-4s, including #1, the scenic #6, #8, #15 and #18. While the par-5s are just OK, I agree with Whitten that the course is a must play, at least if you're in the area. It's less than two hours from Pittsburgh and just over two hours from DC. While it's nice that discounted tee times are available on GolfNow, that worries me about the future prospects of a really fun course and the accompanying resort.