I personally prefer cPanel / WHM, but that's probably because it's what I'm used to. I'm told that Plesk offers most of the same functions, but I'm basically lazy and can't be bothered learning a new control panel.
You should be aware that accessing WHM as root, although necessary at times, provides provides plenty of ways to tweak (and break) your VPS. Between WHM and VZ, you can learn a great deal about how to hose a Linux server. Don't ask me how I know.
I'm a lot more knowledgeable these days; but years ago, after totally hosing a VPS at another provider, I created a reseller account for myself that allowed me to do most of what I needed to do on a day-to-day basis (create accounts, check stats, etc.), and only logged in as root when I needed to make system changes.
Nowadays, I do pretty much everything as root; but I'm more knowledgeable than I once was, less prone to playing with things I don't fully understand, and more careful about making backups before doing things that might break my VPS. Typically I use VZ to make a backup and make my changes in the middle of the night. This gives me ample time to restore from backup if need be.
-Rich
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