What are the experienced persons opinions on the two and how they can be beneficial to the body? 
if you want more than just bro science, check out Charles Poliquin's articles on the issue. He actually does have some science to back him up on it.
while I disagree with Chucky Pol on some issues, he's at least got some science to back up his shit here.
It depends on the individual too. Some people have issues with cholesterol and saturated fat. My blood profile improves when I reduce the amounts of both substances.
Leigh - Increase testosterone. I drink half a gallon of milk during the morning before lifting at lunch and it makes a noticeable difference. Might just be the sugarThanks for the replies everyone. Yeah Leigh I've noticed a difference in my lifting since increasing sat fat and cholesterol. I don't drink milk but get it from eggs, butter, fatty grass fed beef, and coconut oil. Higher fat also keeps me satisfied much longer than when I was eating low fat.
Uhh. Well cholesterol makes my phospholipid bilayers more viscous. That's pretty good i guess. To a point anyway.
Cholesterol => Pregnenolone => Progesterone => 17a-hydroxy progesterone => Androstendione => Testosterone
or, in other words, cholesterol is a legal prohormone to testosterone.