they can both handle a load and a lot of users/posts. one of them is free, the other is not. it all depends on what you want to do.
vbulletin has a community of hackers for it too, who make mods and shit and share them on vbulletin.org - that might make it worth the price (maybe support comes with the cost too...)
i don't know if phpBB has a community thing for that kinda stuff either...
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