Are you asking the pitcher, hitter, or coach? What is the situation? I would see both equally if the score is tied bottom of the ninth, and the opposing team just walked my leadoff guy. I can tell you with certainty that coaches look at walks and hits differently, and that is entirely situational.
As the hitter you can only take what the pitcher gives him based on the count and situation. You have no control over the pitches that are going to be offered to you...speed, location, movement. You are reacting to a sequence of pitches.
If you ask the pitcher, he'll probably see them equally as a threat to score and a lost opportunity to record an out (as 9and7Dad pointed out). The pitchers job is to get outs plain and simple.