Go with what ever you like best. Make sure to try all of the options. Wether it's selling plots or farm perms or running a spawnshop if you are looking to get the most money per hour get a eff 7. If you do not like mining the do not get it! If you like farming go with a melon sword you still earn around 12k an hour. If you do not have repairs or some other needs features then maybe you should save up.

P.S. I am not some eco leader or a high rank; I am just a resident trying to spread my knowledge.

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I prefer eff 5, but farm perms and running a spawn shop earn you the most.

 

Start up a large cocoa farm, farm it yourself and sell perms for it. They give ya 65 cents a bean and you get 3 each thing. An iron or a diamond axe breaks it instantly.

That's my input. Hope its helpful. :)