Which is Faster and better, Switch Case or if else if?

Your first example is simply wrong. You need elseif instead of just else.

If you use if..elseif... or switch is mainly a matter of preference. The performance is the same.

However, if all your conditions are of the type x == value with x being the same in every condition, switch usually makes sense. I'd also only use switch if there are more than e.g. two conditions.

A case where switch actually gives you a performance advantage is if the variable part is a function call:

switch(some_func()) {
    case 1: ... break;
    case 2: ... break;
}

Then some_func() is only called once while with

if(some_func() == 1) {}
elseif(some_func() == 2) {}

it would be called twice - including possible side-effects of the function call happening twice. However, you could always use $res = some_func(); and then use $res in your if conditions - so you can avoid this problem alltogether.

A case where you cannot use switch at all is when you have more complex conditions - switch only works for x == y with y being a constant value.

According to phpbench.com, if/elseif is slightly faster, especially when using strict comparison (===).

But it'll only really matter if you want to shave off microseconds on a function that'll be called thousands of times.