Both Ghost and cherry shrimp like approx. the same conditions. They like some plants to graze and pick over, a sponge filter is good for this also, as well as controlling ammonia and nitrite. Cherries are smaller and you can safely have more of them in the same volume of water where you could have only half the number or less of Ghost shrimp, which are twice the size of cherries. Try to have a lot more females than males so that females are not constantly harassed by males eager to get on with the business at hand on their agendas.
Ghost eggs hatch to produce larvae, which take about 4-5 days to morph to shrimplets, which then need another couple of weeks before they are big enough to swim around and be seen much. Hatched larvae become zoeys, which live on bacteria and such items until they become shrimplets, after which they hang head down for a few more days, and only take food that comes within reach. Microworms work for this time and later on too. Full grown shrimp like to tear apart live California black worms now and then for treats, and so do Ghosts, frozen blood worms goes over well too. If you want more details on raising Ghosts, I can provide, just ask.
Cherries have babies just like themselves, no larval stage, and may have many broods. They feed themselves from day one, but leaving hardwood or Indian almond leaf litter on the bottom helps provide first foods for baby shrimps. They should have some hiding places on the bottom, it is instinct to tide from things larger than they are, shadows overhead, etc. Floating plants help, mosses, fine leaved plants, as well as anubias or ferns they can also feed from.
Both species will roam a tank, wander plants, climb rock and wood. Adult Ghosts have been known to eat the odd baby cherry shrimplet too, but not many.
It depends what you want to see and and if you prefer a larger, less colourful species to a smaller, more colourful species. Both can swim and will swim, hang upside down off floating plants, and pick sponges for food, as well as rocks, glass, substrate, etc.
An older, mature tank with a lot of biofilm will support any shrimp better than a newly set up tank will. To hasten maturity, use lots of plants, some snails perhaps, or fish or two, even if they are not meant to stay for long. They're contributing organisms to the general biofilm community of the tank and can be removed later on. Never hurts to have a nerite snail or two to help keep glass clear for pleasant viewing, they eat many algaes shrimp don't like.