Ian Royal Davies' long shots > Howard's
Davies' pace > Howard's
Davies' counter attacking threat > Howard's
Davies going out on loan = predictable but stupid. Howard is the one we should be dumping. Davies is more dangerous in the middle and more useful on the flanks. He's more likely to improve with a run in the team.
I'm in no way a Howard fan by the way, and I've seen nothing from him to change my opinion that his signing was and will prove to be a poor one. However, I think he complements the system and the other midfielders better than Davies and his all round play is of a higher standard than Davies so for the short term I'd agree that his place in the side over and above Davies is warrented. Over and above some of our other central midfielders? Not so convinced!
In a fit of Snowball'esqu qualification of Davies shooting ability...according to the clubs stats (as insignificant as I think they are) Davies had 7 shots on goal for the first team, only one of those was on target. Howards isn't much better by the way, 3 from 12, but I really don't think Davies going out on loan is a bad thing.