Which is the better deal is always objective. As far as one vs the other, the SE isn't simply a lower clocked card. It has less Stream processors (336 vs 288 I believe). Overclocking an SE won't get you a standard 460. It may get you the same relative performance, but you could also always overclock a standard 460 to something stronger as well.
Thanks a lot for the info saxman. Really appreciate it. Did not realize that the SE had lesser hardware. I guess the reviews I was looking at were comparing a different GTX 460 vs the Superclocked version where they mentioned that there was no difference except that the Superclocked version is handpicked with cores that can be clocked higher.