SQL Server IIF vs CASE

IIF is the same as CASE WHEN <Condition> THEN <true part> ELSE <false part> END. The query plan will be the same. It is, perhaps, "syntactical sugar" as initially implemented.

CASE is portable across all SQL platforms whereas IIF is SQL SERVER 2012+ specific.

IIF is a non-standard T-SQL function. It was added to SQL SERVER 2012, so that Access could migrate to SQL Server without refactoring the IIF's to CASE before hand. Once the Access db is fully migrated into SQL Server, you can refactor.