First impression: Right away, the $40 disparity shows itself in the texture. Nip + Fab's version isn't quite as creamy; even blended out you can tell the texture finish is grittier than TE.
Colour: I could only find one colour option. I think TE has up to six or seven now, which is pretty exciting! NF's version would suit anyone up to about NW25 I think...it leans really, really pink. In this review I'm using YSL's #2.
Again, with all drugstore products - great product for the price. In fact, I'd say N+F's product is better than what I paid - for that kind of light-reflecting property, I think I would have paid up to $16. YSL's is still better - at least you know you're getting your money's worth! Is it $40 better? For a product like concealer, I think so. Foundation, concealer, serums - these are products that are worth the splurge. However, Nip + Fab's option is a great way to tide you over if you should ever run out of Touche Eclat.
Right: Blended in
As mentioned above, the N+F is much pinker than the TE-- even more so in real life than in this photo. Great for some people, but if you have extremely yellow/dark skin, it won't work.
|Left: N+F Right: YSL|
N+F actually looks a lot better in this photo than TE does, but in real life the finish is much smoother. Pardon the lack of brows.