If you prefer Star Alliance, then most programs are equal. The OneWorld product is phase-based, meaning that a flight from Hong Kong to New York (11 hours) is similar as a flight from Chicago to Dallas (lower than 2 hours). You can have up to 16 segments on the journey, and naturally, you’ll need to optimize for flights that might be fairly costly when buying a standard ticket. Be aware that planning and looking for a Round-the-World (RTW) ticket is a labor-intensive process.
In different phrases, if I flew into SYD, but made my method overland to Perth, I needed to add those miles to my complete. Not positive if this is still the case, nevertheless it was a deal breaker for me. I found the combination of the Biz Class RTW ticket and supplementing with low cost carriers in Australia, SE Asia and Europe labored rather well.
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