SMC-50 is the current product and the future, which has more features and better control. But the SMC-Flex is not going anywhere for a while, because the SMC-50 does not yet go up above 480A and although that's not an issue for you here, there are still a lot of larger soft start applications where they need to keep the SMC-Flex around. The SMC-50 is also (as far as I know) not yet a "standard" offering in the MCCs, it is "Engineered To Order" still, whereas the SMC-Lex is still the standard MCC product if you want faster deliveries. (Note I said fastER, not fast...)
I personally like the SMC-50 better and if I had a choice, I would go that route. Some of the new features are kind of nice fluff, put in to appease the customers who were switching to other brands over the specsmanship, but some of them are downright useful, such as the linear speed ramping and expandable I/O, neither of which are available on the Flex.
Side note: They are ALL "Bulletin 150", the SMC-Flex and the SMC-50, as well as the older models (SMC-Dialog Plus, SMC-Dialog, and the original SMC). So saying "150 Flex" is kind of pointless.