I think Cameraguy has in the past mentioned his like for a shorter shutter speed for producing a "sharper" looking image, especially for action sequences.
Other considerations include where on the f-stop range one is when deciding which shutter speed to go with (assuming your camera has the option).
If one is shooting at F.1.6 with a 150 degree shutter, the additional light that would expose the film with a 220 degree shutter will also increase the f-stop to over 2.0, this can be critical for focus on some cameras.
Some also don't like the potential "strobeyness" that can be seen with a shorter shutter time. Others like the "strobeyness" because it can convey a mood. (Saving Private Ryan used even shorter shutter times than 150 degrees, but I don't know what the range actually was.)
I would say that neither shutter works best in all situations, but either can be used, it's just a matter of preference.
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