Where the circular saw wins
Breaking down a 1220 × 2440 sheet is a job the circular saw finishes in minutes and the hand saw finishes in an hour, with a much higher chance of drifting off the line.
For framing, decking and any long straight cut in construction timber, the circular saw is simply the correct tool. With a clamped straightedge it is accurate to within a millimetre over a full sheet.
Where the hand saw wins
A handsaw cuts a kerf of about 1 mm, which means a tenon shoulder can be cut, pared and fitted without the joint becoming visibly loose. A circular saw removes 3 mm or more with every pass.
Hand saws are also quiet, need no power, and are far easier to control for short cuts in thin or delicate stock.
Edge quality is not what you think
A sharp crosscut handsaw leaves an edge that is ready for a plane. A circular saw with a general-purpose blade tears the fibres on the exit side of plywood and veneered board.
The fix is not a different saw but a different blade: a fine-tooth or a dedicated plywood blade transforms the cut. Budget for one good blade in each saw.
The safety difference is real
A circular saw demands respect every single time. The blade guard must move freely, both sides of the cut must be supported, and the blade must stop before you lift the saw out.
A hand saw will still cut you, but it will not remove a finger in a tenth of a second. Beginners should build confidence with a hand saw before adding the circular saw.