To boil it down, yes E. Phys looks better to employers but at the expense (slightly) of your physics education. Look at the required course list, I think it is the best indicator. If you want to get a PhD in physics, I would say go with physics.
At my ugrad, which had both Physics and Engineering Physics, they were pretty much the same degree. E. Phys took some courses like intro to economics, some intro business course, and an engineering course in statics. The cost is loss of physics electives, where a physics major would normally take some courses to go more in depth in one subject - optics, astronomy, or semiconductor devices or some such. As far as jobs, I am pretty sure the word engineering looks better to employers, even if you have mostly the same classes. I saw this at career fairs in my u. grad.