Advantages of paper lists:

They are in your handwriting
You dont have to use a keyboard
Advantages of ToDo lists:
They arent in your handwriting
Manage any number of lists in one window
Edit a list description or status without scribbling or erasing
Copy and paste list items to any other program
Reorder lists at any time
Reorder list items at any time
Assign a priority to list items and sort by priority
Assign a status to list items and sort by status
Define your own Priority value list
Define your own Status value list
Select viewing of list titles from Tab or Popup
Set item color, caps, bold, italic, and indent from toolbar
Print lists or selected items to any size paper
Print lists to Franklin page sizes:
Pocket (3.5 x 6)
Compact (4.25 x 6.75)
Classic (5.5 x 8.5)
Monarch (8.5 x 11)
Perform list functions from the menu:
Delete All, Enter First Open Cell, Insert Row, Delete Selected Rows, Delete Empty Rows, Remove all Done Rows, Toggle List Window.