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I would say the answer lies entirely on how you're going to acquire traffic to your site.
If you're going to be buying traffic, then you'll want to make back the traffic cost right away. Thus PPS is the way to go.
Otherwise if the traffic isn't costing you much and you're looking to make the most "long term" then revshare good.
It also comes down to the stability of the program. If you know a company has been around forever and will continue to be around forever (like AFF) then revshare is a safe bet.
Personally I've always promoted per signup except for AFF where my bulk is revshare. I like having a sponsor that is like a pension plan, lol.
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