To come up with a credible answer let us first define the two: Fear and Respect.
Fear is a distressing negative sensation induced by a perceived threat. It is a basic survival mechanism occurring in response to a specific stimulus, such as pain or the threat of danger.
Respect is a specific feeling of regard for the actual qualities of the one respected. It is a positive feeling or esteem given to person or an entity. Respect is not voluntarily given but is earned.
My personal opinion on the matter is I would rather be respected than feared.