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Which is a better option: software or hosted?

There is no definite answer on this question because each option has its own benefits.

  Software Hosted
Installation You need to install WebAsyst on your web server to get started. You only need to sign up to get started, it takes as little as a minute of time. It is as simple as creating an account at Gmail or Flickr. No software installation is needed.
Customization Source code of the WebAsyst software is fully open, and you may customize it as you like: from design fine tuning to serious customization of the way software works. PHP programming knowledge is required. Only the storefront design is customizable using the tools available in the web interface.
Expenses You need to buy WebAsyst scripts and pay for the web hosting service. Minimal initial expenses.
Security You install the software on your server and define the security level at your discretion. Our server platform is specially designed for optimal WebAsyst performance, and offers a high security level certified by the McAfee daily security monitoring.
Access Full administrative access to the software, as scripts are installed on your own server. Access through a web interface only.
Limitations Disk space and number of users are limited by the capacity of your web server only. Your account capacity is limited by the selected pricing plan.
Updates Automated update routine from within WebAsyst Installer allows easily installing software updates using only your web browser. Choosing the hosted WebAsyst solution guarantees timely updates of the software to the latest version available without your input.