This really boils down to personal preference.
with a STT, the average player with cash 33% of the time (9 handed). In MTT's the ITM % is normally 15%, but the rake is generally a bit less. In STT's your biggest win will only ever be around 4x your buy-in, whereas in MTT's 1st prize will often be more than 100x your buy-in and in some huge tournaments it can be 10,000x. Of course, only one person can come first and your chances are very slim out of a 25,000 strong field.
The allure of a big cash attract lots of players to the MTT's, while time and convenience is a big plus for STT's.
Personally, I prefer MTT's because it's easier to play more at once. With STT's as soon as you lose a couple of players from each table the decisions come round much quicker and so you miss spots you wouldn't otherwise miss. With MTT's, by the time you are shorthanded I've normally bust most of them so I can concentrate on the few I have left to play.
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"Success is not final, failure is not fatal: it is the courage to continue that counts." - Winston Churchill
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