For my personal preference would be the ARB. Tried and true, locks/unlocks instantly, simple switch on the dash.
Here are my opinions on pro's/cons
For shear simplicity the e-locker with a cable
For instant response - the ARB
-e-locker is friggin heavy. Lifting it into place was more difficult than the ARB (no big deal)
-if you use the electronics with the e-locker more parts to potentially fail, but if it fails you can manually lock and unlock the diff (it would be a pain in the arse but you can do it)
-the e-locker does not engage/disengage instanly with either the control box or cable (I have the cable)
-running the cable into the cab is kinda a pain for the e-locker if you go that route
-motor housing may not like to be immersed in water (if you use it). Things have a tendency to fail at the worst times.
-with the electric there is no need for the air line and compressor- you will still need to run a cable or wire though.
-don't take the axle out while the diff is unlocked or don't break the long spline side axle with it unlocked. It can be a bear to get it locked again to be able to remove the diff from the axle.
I'm sure there are hundreds more