Tremelle,
Good questions and there is some agreement on the real answers, but others tend to disagree too. Sanjay's research has produced quite a bit of information on various bulb and ballast combinations. It's pretty technical stuff, but it's very informative. The net result is that I don't think you can categorically say electronic is 'better' than magnetic. However, there are advantages to both, depending on your needs.
1. Electronics are normally stated to be more efficient than magnetics and this might be generally true (altho there are many instances where it's not). Some of the electronics run the bulbs at slighly less light output than magnetics, but it will extend the life of the bulbs somewhat too...
2. What is almost always true is that electronics don't generate NEAR the heat from the ballast itself as the magnetics (in this case, they certainly are more efficient...ie. less A/C room heat generated by the electronics).
3. Some bulb types seem to have more problem 'firing/lighting' up with the electronics, but the exceptions are almost going away recently.
4. The magnetics are generally cheaper to purchase than the electronics.
5. Haven't heard any 'life-expectancy' differences between the 2 types, but each vendor has their own warranties (ie. Ice Cap warrants their ballasts for 3 years and have very good support). Others will vary...
Everyone is likely to have their favorites and I use and have both. When I buy new ones (or decide to quite repairing the magnetics) I will continue to replace my magnetics with electronics, but if I wanted to just focus on pricing, I would have to say the magnetics are cheaper to find in both used and new configurations. I'm sure others will have their opinions also.
HTH
Doug