It’s hard to say for sure as we don’t know the exact drop rates but it seems almost certain that VIP Chests are better across the board. It’s around a 5x drop rate on Epics and Legendaries and a 10x drop rate on Arcanes and Mythics. Plus you get 2x Epics/Arcanes for each drop. The only thing you don’t get more of from VIP Chests is Ultra-Rares and Runics.
Thus, you’re probably breaking even on Legendaries overall, but you’re getting way more of everything else while you’re breaking even on Legendaries.
You could also wait for the Kingdom event to come around and throw 100 or so keys at the event chests. You’ll get less overall return, but a much better chance of targeting what you seek.
Hey @Tacet, could you weigh in here. Watching your video last week, it seems you might think Gem keys are the better value over VIP keys because of the cost vs. benefit ratio…