I have both. The Marlin has better fitted wood and is a lot heavier. Both are equal with accuracy and action smoothness.
I was taken by surprise though, at the great customer service with Henry, and I'm now a Henry fan. I had a slightly bent site. Called them up. A real person, sitting in the USA, answered the phone. No menu, no being put on hold, etc. I told her I had a bent site. She asked my name and address, apologized, and sent a new one right out - and didn't even ask me for proof of purchase. Also sent me a new, USA made, Henry hat as an apology for my trouble (which was no trouble at all).
I love Marlin lever actions and have several 36s, 336s, 39, 39A, etc. In 444, 30-30, 32, 22, and 35. I like them a lot more then the Winchester lever-actions.
I've got two of the new Henrys - the regular version and the short "boys rifle."
As to the fear with the aluminum receiver? I don't know. I've been shooting my old High Standard 22 nine-shot revolver for 40 years, and it has an aluminum frame. Never bothered a thing. Now, if we were talking a more powerful caliber, I'd be concerned.
Both great guns, just depends on what you really want. For a light gun, and short (in the boys model) the Henry beats the Marlin. For a heavier gun, and if older, you can't beat the craftsmanship on a Marlin. I doubt you get it in the new ones though I haven't checked.
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