Well my take is this:
Electric: this is an environmental nightmare... all of these spent batteries create hazardous waste, most of them end up in developping countries and ruin people's health. Unless you plan on paying the recycling fees, stay away from Electric chips.
Corrossive: again, think about the environment here, all of these chemicals ruin nature, not to mention that some of the potential loot in the mob gets burned up by the corrossive liquids spewed on them... Not very smart, cuts accross your hunting profits.
Pyro/Combustive: this again destroys the environment, when you use these chips, you burn up excessive amounts of trees and vegetation, and contributing to global warming.
Lacerating: this one is ok, but it shreds your mobs to ribbons... There is a certain amount of waste and loot destruction to be expected here.
Cryo: this one is not bad, it may cause freeze burns on your mobs which ruins the taste of their meat, if you're into that sort of thing, but otherwise it's not a bad option for killing mobs.
Kinetic: that one is environmentally friendly and is Greenpeace approved
Good luck out there
Legends