Depending on how much money you are looking to make or used to making, the equipment job is a good choice. As previously stated, the territory reps work for the equipment reps. That is semi true. The nice thing about being a territory rep (I just became one, previously a territory rep) is that if your territory rep sells a piece of equipment without you, you still get paid. Territory reps are the soldiers at the front of the line who are getting beaten daily. Equipment reps are "specialists" and most territory reps tell the doctor how great they are and are in turn welcomed with open arms. Not only is the base pay much higher than the territory rep, you do not have as much BS to deal with.
Here is how it works as a equipment rep, the territory rep tells you that an office needs a piece of equipment. You go in and figure out which would be the best for them and provide them a proposal. If that account is "owned" by that territory rep (meaning they buy EVERYTHING from that person) then you do not have to discount the price much. If the rep is trying to get a foot in the door, then you can help them out with a competitive price. You are paid on gross margin so if you discount the price, you get paid less. At the same time, if the territory rep earns his way as the sole provider, then you will have a chance to sell them more equipment in the future.
Long story short. TAKE THE JOB!!!! Base pay is above 70k with mileage and expenses and car allowance.
At the end of the day, Schein, Benco, Patterson, etc are all great companies. Get in with one, do well, and you can move anywhere you want in the dental world.