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Its a good question. So the scenario is what if Brasil is a dutch colony and Hispanic America is german colony.
Brasil: the germanic colonism did not support the race mixing, so in this case Brasil would be such apartheid state like South Africa was. Apart from this, a dutch Brasil would be pretty similar to the present portugese Brasil, i mean living standards, economy, except Brasil would not be mixed like today, and the nation would be more divided with many ethnic conflict just like the USA because of segregation and racial hierarchy. Also the brasilian independence would happens much later, only after the WW2, and they would have much closer relationship with Netherlands than now with Portugal.
Most parts of Hispanic America: not much would have changed, germans would threat them in similar way like spaniards. These would be also apartheid states, so the race mixing will not happens, it means its hard to belive that Hispanic America would be german speaker nowadays. They adopted the spanish language because they mixed with each other all the time, In the german scenario the german would be only the language of the elite, these amerindians would be still native american speaker, and the german language would disappear after a while, after their independence in 19. century.
German Mexico: This is the most interesting part, and Mexico would be totally different today. In the past 50 million german migrated to USA, in this scenario if Mexico would be a german colony then this 50 million people would choose Mexico instead of USA for sure. It means Mexico would be a huge populated ethnic german country, obviously without native mexicans. The german government would support this creating a New Germany idea and of course they would also support the extermination of native mexicans, so they would be a very small population nowadays living in variuos reserves just like in USA.
The german Mexico would enjoy the support of Germany, so the biggest european economy and army would behind them. The mexican army would be similar to prussian army including the militarism, structure and of course mexicans would have the most advanced weapons. It means the mexican-americans wars would be very different, its very possible that mexicans would defeat the US Army so americans would never reach the Pacific Ocean. Such areas like Texas, Arizona, California and the whole west coast would be part of Mexico, and the german populated Mexico would be such advanced like the USA in the east coast and they would be rivals as well, North America would not be peaceful but there would be tons of war between german-mexicans and americans. Without the western territories USA will never be a global superpower, and this Great Mexico would be a very rich, large and advanced greatpower.
In summary: so what would have been better the latin or germanic colonization? The answer is simple: depends on who you are. If your native american or non white then the spanish colonization is definitely better choice, because you have much more human rights, more independence, and your still alive in the case of native mexicans. If your latin american white then the germanic colonization can be more beneficial especially if you live in Mexico, but basically the economy, living standards would be similar to present Hispanic America, maybe except Brasil would be a little bit richer.
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