Recently, there has been an explosion of interest in metalenses for imaging. The interest is primarily based on their sub-wavelength thicknesses. Diffractive lenses have been used as thin lenses since the late 19th century. Here, we show that multi-level diffractive lenses (MDLs), when designed properly can exceed the performance of metalenses. Furthermore, MDLs can be designed and fabricated with larger constituent features, making them accessible to low-cost, large area volume manufacturing, which is generally challenging for metalenses. The support substrate will dominate overall thickness for all flat optics. Therefore the advantage of a slight decrease in thickness (from ~2{\lambda} to ~{\lambda}/2) afforded by metalenses may not be useful. We further elaborate on the differences between these approaches and clarify that metalenses have unique advantages when manipulating the polarization states of light.