Since the [[Hopper]] was added to vanilla Minecraft, the chute is largely redundant. While the Chute ejects items considerably faster than a Hopper, the latter offers many advantages.
* the hopper is less expensive to make (no gear required)
* the hopper has one more slot in its inventory
* the hopper can direct items to the sides as well and directly underneath
* the hopper can suck in loose items out in the world (like an [[Obsidian Transport Pipe]])