While working at a scrap yard I used torches set up with liquid propane to cut with. I believe since propane in the liquid state is in fact larger than vapor it may supply a hotter flame but I'm not sure myself!!
We had a hot piece of metal cut fall and cut one of the lines of the liquid propane. It caught fire!! There were either two oxygen tanks and one LP tank or two LP tanks and one oxygen tank. For the routing to supply two torch heads I would probably never do it AGAIN!! Liquid propane seems too dangerous to me. We had three cables to shut off as the line was on FIRE! Also we over worked a liquid propane tank and the relief valve released!! I checked it with my thermometer gun and it was colder than -70F !! LP boils at -50F or something like that.
For most work vapor propane and oxygen is very useable and safe. Much more stable than acylene for sure!
Vapor propane is what powers gas grills, heaters, and camping equipment in a normal residential bottle. Liquid propane normally powers forklifts and other engines but has to be preheated by the engines coolant heat to the converted to a vapor