The difference in wall thickness between a horsehide rig and one of high quality dense cowhide is negligible/irrelevant for concealment purposes with a total thickness savings of usually less than 1/8" - also remember that horsehide is more abrasive to the firearm finish.
I'm not sure how important that is to you ~ as it's an important factor to some folks and not to others.
I don't see anything particularly wrong with horsehide as a holster material but, I don't see any true advantage to it either that would justify any increased price for horsehide as the base material for a holster. It's somewhat more expensive as there is less quality horsehide in the domestic marketplace than cow and it's more of an uncommon leather for use in the United States.
Horsehide makes a nice holster as does cow if the rig is properly constructed but, horsehide is nothing to put up on a pedestal as being in any way superior for holster work in general.
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