I've had a 24 valve in a '99 and 2 12 valvers in '93s -- so I'm not an expert, but have experienced both.
The 24 valve worked great, it was a little freer revving than the 12 valve and I never had any trouble with it in the 100k that I had it . . . it works great when it works, but when it doesn't, get ready for the headaches.
I like the 12 valve better. The big pointss for me are:
- fewer computer controls -- I've driven a '93 150 miles home with a fried computer -- it still goes!
- easier to work on than the 24
- more control with any "tweaks" you want to make
I'm a big fan on in-line injection pumps -- I've had them on other engines and I seem to have better luck with them than rotaries. But that's just me -- lot's of guys here are real wizards with the VE. For me, I would love a p-pump engine in my '93!
For conversions the 12 valvers seem to be more popular. I'd still like to shoehorn an air-cooled Deutz BF4L913 in my '76 Ford F250 . . .
Dave