All depends on you. Most of the guys here prefer SVCD, but I prefer VCD. Takes only 2 CDs as opposed to 3 needed for SVCDs.
If done correctly, gives you a very good quality (better than VHS).
If I wanted better I would just buy the DVD lol.
Ofcourse SVCD gives you better quality, but not enough for myself to buy the extra CDs.
Best bet, give them both a try and test them both on your standalone player.
Am sure everyone can agree on that (as CM also suggested).
Then decide on what fits your budget, likes, etc... .
Good luck