I haven't done mine yet, but I was in the Optical business for 25 yrs. The Advanced Monofocal relies on using one eye for distance vision and the other for near. It takes the brain a little while to adjust, and you lose some depth perception, since it takes two eyes to create true depth. And if you ever lose sight in the eye used for distance vision, it leaves you essentially with only near vision and the need for glasses to correct. Though this scenario is rare. This procedure, like the Multifocal IOL, eliminates the need for any eyeglasses.
The Multifocal works by providing distance correction by looking straight ahead or up, then when you look down and up close, it allows for close up vision for reading and other near viewing. The problem at first is similar to adjusting to Progressive lenses in eyeglasses, where your brain makes the head adjustments automatically to see at the proper angle. Also, like multifocal eyeglass lenses, you have more limited moving, viewing range for near and far.
I, personally, will opt for the Standard Monofocal for distance correction and just use reading glasses for up close vision. I only need one eye done and don't mind using readers. The Multifocal and Advanced Monofocal have more inherent risks and adjustment time involved.