Is it better to represent simple labeled information as table or just text with subheadings?

I'm redesigning a website that has some simple information presented as a table like this:

mockup

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I read yet the again the Label Placement in Forms article. The article is a report on eye tracking study and basically says that forms are quicker to read if form labels are place above the fields instead of to left(left-aligned or right-aligned). I was wondering does the data from that article apply to any similar presentation of information? So would a better solution to the table above be simple linear list with headings like this:

mockup

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I appreciate any pointers to relevant articles.