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Both plaster and drywall are durable wall finishes, but they differ significantly in installation, cost, performance, and aesthetics.

Installation & Cost: Drywall installation is faster and more affordable, typically costing $1.50 to $3 per square foot. It uses premade sheets, making it a more accessible DIY project. Plastering is a labor-intensive craft that requires specialized skills, pushing costs to $2 to $10 per square foot. It involves applying a wet paste over a lath framework.

Durability & Performance: Plaster is generally more durable, longer-lasting, and provides superior soundproofing. It is also a better insulator, which can help reduce energy costs. Drywall is easier to remove for future renovations.

Aesthetics: Drywall provides a smooth, uniform surface ready for paint or texture. Plaster offers a high-end, naturally textured look that can hide imperfections and is often preferred for achieving a classic or historic aesthetic.

Which is better? The choice depends on your priorities. Drywall is ideal for those prioritizing a lower upfront cost, faster installation, and DIY potential. Plaster is the better option for a higher-end project where durability, soundproofing, and a unique, premium finish are more important than the initial cost.

It doesn’t matter which way you lay drywall, and you can choose to install it horizontally or vertically depending on the size of the wall and how tall the ceiling is. It’s easier to lay drywall sheets vertically if you have a taller ceiling, but laying sheets horizontally makes it easier to apply joint compound.

In framing, studs are placed at 16-inch intervals to coincide with the typical spacing of wall materials such as drywall or plywood. This spacing is called "on-center" and is necessary for maintaining structural stability and efficient use of materials. The 16-inch spacing also helps to distribute the weight evenly across the building's structure. For those looking to cut material costs and improve energy efficiency, 24-inch stud spacing can be employed through a method called "advanced framing". This requires careful planning and adherence to local building codes to ensure structural integrity.

Depending on the place where the cutting error occurred, you may be able to fix it. Learning how to patch a hole in drywall is challenging, but if you can tape and mud drywall, you can do it. Having said that, patching is time consuming. Early in the installation process, you may find that it’s easier and far less time consuming to just start over with a new sheet of drywall, cutting a new hole in the right spot. You may be able to use part of the incorrectly cut piece elsewhere, so it’s not completely wasted.