I know you ask for experience in both--but I've only got experience with Dreamweaver MX. But I figured I'd throw my two cents in anyway.
It's been my experience that GoLive has in the past been somewhat of a program for web-designers not web-developers.
Macromedia stepped over more into web-application development with the debut of Dreamweaver Ultra-dev. I've been using MX for sometime now and have no complaints.
To get both sides of the story, I found an article from the Seattle Times that might help you out. Glenn Fleishman writes:
"Dreamweaver MX, the latest release, incorporates a previous separate bundle of multiple programs (called UltraDev) that added both programming-language connections and database support. It assists in building sites that require substantial programming and previewing the results.
For the technically minded, Dreamweaver handles database connections and programming integration via ASP (Active Server Pages), JSP (JavaServer Pages) and ColdFusion, Macromedia's own server-side language. A third party offers a free PHP (PHP: Hypertext Preprocessor) module for Dreamweaver."
Later he says:
"The new version of GoLive also beefs up the code side, by not just offering database support similar to Dreamweaver MX's — although Dreamweaver's is somewhat easier to use — but also by including a full set of database and Web servers needed to run a dynamic Web site."
I'm not sure if this post will help or hinder, but just wanted to provide you with some information I found.