The phone-to-phone also transfers app credentials, you should be able to just open apps where you've already got credentials done and Touch/Face ID set up. iCloud restore does not do that: you'll have to sign in to all your apps again.
I have always always always done a restore from my Mac. I don't trust this over the air stuff as much. I have had very little issues doing it this way but that's just me. GOOD LUCK and CONGRATS!