I'm not a big suede fan, and flocking looks cheap unless it's done right.
+1 on what Mike said about an upholstery shop being able to recondition a dash to like new condition. Leather wrapping sounds cool, but I can't picture in on an s13 or s14 dash. Do you have any pics of this stitched leather s13 dash Ep?
I actually used truck bed liner on my s13 dash and it came out really nice. I even tried jabbing it with a flathead after and it held up to the abuse. The only drawback was that it had a texture similar to skateboard grip tape. So you'd definitely get rashed if you rubbed your face or knuckles over it.