Both the phones have their pros and cons, I think you should go for Lenovo K8 Note,
Lenovo K8 Note has the following advantages over Honor 8 Lite.
1.Lenovo K8 Note has Deca Core CPU which is better means more tasks can be processed in parallel without slowing down the User Interface.
2 Lenovo K8 Note has bigger Screen compare to Honor 8 Lite that helps Reading, browsing internet and watching movies is more pleasing experience on a bigger screen.
3. Lenovo K8 note has Dual Camera than Honor 8 lite Dual camera is useful in enhancing certain effects.
4.Lenovo K8 note has Front Camera Flash having a front camera flash allows you to take selfies in low light.
5.Lenovo K8 note has bigger battery life ,so you can connect for long
It is not like that it is a one sided game, Honor 8 Lite has the following advantages -
1. Huawei Honor 8 Lite is lighter in weight and slimmer so it is easy to carry.
Verdict - In my opinion, Lenovo K8 Note is better overall performance and price ,slim and light handset you should go for Honor 8 Lite
You can also compare these devices on 91mobilesLenovo K8 Note vs Honor 8 Lite