The two directives are typically used together. For instance, if your Angular model has an array of properties, your view could look something like:
Properties contains the model for each property. ng-repeat can be used to iterate over each property, passing them to the two directives via property and model attributes.
For a basic property with a textbox, the model for the property can be defined as:
The view property specifies the URL to the property editor that should be used for this property. To use one of the built-in property editors in Umbraco, you can specify the alias (eg. textbox) rather than the full URL to the view (eg. /umbraco/Views/propertyeditors/textbox/textbox.html).