If both were launched at identical speeds, any difference will be because of the aerodynamics, not any other feature.
The baseball probably would indeed GO further, simply because of mass and reaching a "terminal" velocity at a greater speed.
Consider a ping- pong ball and a golf ball. Launched at the same velocity, the ping- pong ball won't get far, either. Yet a ping- pong ball is very rapid in the length of a ping- pong table!
You couldn't play ping- pong with a golf ball, nor golf with a ping- pong ball.