Wow, what a good question. A question not easily answered. I will try to touch on a few points. Good light is light that is flattering to the subject, be it human, animal, or a scene. Man has been studying the quality of light, and how it affects our perception, for millennia. Read about, or simply observe painters like Rembrandt. If they wanted to render their subjects as masterpieces, then the lighting had to appear masterfully rendered. As lighting is used in photography, there are important aspects of it that can be manipulated to flatter the subject. Color temperature, softness, and direction are the main considerations. When using artificial light, such as flash or continuous, it is usually beneficial to soften, ( diffuse ) the light for human faces, and products and such. Now, if you manipulate this light so that it is the most flattering, the person will not be able to tell if you used an Allien Bee, a Speedotron, a Dynalite, or whatever. There is a saying that, "light is light". There is truth to this saying, but the more you study, understand and learn to manipulate light, the better your photography can be. There is one very important difference between artificial light and sun light that you should know, and that is light fall off. when you use your flash the light intensity decreases rapidly, as apposed to sunlight. One can diffuse, angle, and change distance to have this light wrap around, so to speak, the subject and create the elusion of being three dimensional. The main difference, to me, in the various studio lighting is, power, ease of use, accessories ( ability to almost endlessly modify light quality ), and dependability. I hope this helps.