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I tested both screens on Samsung S4 vs a medium phone like Ace ,or S Advance.
The contrast and colours are far better on AMOLED but luminosity is not so great.On LCD you have more brightness but the colours,contours and details are mixed,and on some screens it seems faded.Also the viewing angles are better on AMOLED .But i think the main advantage of AMOLED screen is power saving.
You can read more about those screens ,and other like IPS ,etc on this article :
There certainly is a difference, but while AMOLED may look nice, they have had some issues in the past. I may get some flack for this, but Super AMOLED in some of the Galaxy models just didn’t look great when you viewed lower resolution images with the brightness turned down. If you keep your display at battery burning levels, you will never notice it though. With the brightness up while viewing high-res images/video, the AMOLED is going to look great. It’s not a night and day difference from a good LED display though, and the Victory’s screen should be perfectly adequate for most people.