Both are useful but sometimes one is more practical than the other. For example, most electronic noisy components are specified with their ASD be it an opamp, D2A, or an oscillator when it comes to their output level. But ASD by itself is meaningless unless one specifies the impedance of the noisy source. One can claim that because $(PSD) = 4 \Re\{Z\} \cdot (ASD)^2 $ power spectral density represents the (maximum) available noise power that can be delivered to a load if matched, and hence by definition it is independent of termination but this independence is an illusion for one must know what $Z$ is to terminate it for maximum noise power.
Of course, ASD may be represented as either voltage or current noise; which one is preferred depends on the output impedance: if the source is a voltage source, i.e., has small output impedance, then ASD is measured in $\rm{V/\sqrt{Hz}}$, contrarywise if the impedance is high then ASD is more conveniently measured as current noise in units of $\rm{A/\sqrt{Hz}}$
When it comes to phase noise you only see PSD and never ASD because there is no natural voltage (current) scale on which one should measure angle. In fact, let the signal be immersed in band pass noise $$Acos(\omega_c t) + n_X cos(\omega_c t) - n_Y sin(\omega_c t) \approx Acos\left(\omega_c t +\frac{n_Y}{A}\right)$$ for low level noise $|\frac{Var\{n_X\}}{A^2}|=|\frac{Var\{n_Y\}}{A^2}|<< 1$. Phase noise is then the ratio of noise voltage to signal amplitude $\phi = \frac{\{n_Y\}}{A}$, and as such it is natural to characterize it with its power spectral density that here is a mean square of the phase error per unit frequency width at a particular frequency *deviation* measured from the carrier frequency $\omega_c$.