» Sat Jun 09, 2012 12:13 pm
Fortify Health is better. As was already mentioned, Fortify Armor skills only work against physical attacks and are useless once the damage reduction cap is reached. Even then, the base magnitude is much lower for Fortify Armor, the amount of armor you get / skill point is even less, and the amount of damage reduction provided / point of armor is lower still.
If you have full skill & perks in Enchanting & Heavy Armor, you'll get ~5% extra HP from a maxed Fortify Armor. Unless you have > 1,240 HP, Fortify Health gives more, and the gap only gets wider with fewer HP/Items/Skills/Perks.