The second (assuming you means
CONTAINS, and actually put it in a valid query) should be faster, because it can use some form of index (in this case, a full text index). Of course, this form of query is only available if the column is in a full text index. If it isn’t, then only the first form is available.
The first query, using LIKE, will be unable to use an index, since it starts with a wildcard, so will always require a full table scan.
CONTAINS query should be:
SELECT * FROM table WHERE CONTAINS(Column, 'test');