I think it depends so much on what you want and what your goals are (which could be said about almost anything). We have some vinyl Ramm fencing for our big horse that looks like wood, and I love it. It is beautiful, has no maintenance, and is very safe. Trees have fallen on it and it bounces back. BUT, the neighbor's Jack Russell got under it once and bit my horse on the nose. So, to keep the riff-raff OUT, we have 2"X4" non-climb wire mesh fencing for the minis, which doesn't look as nice, but keeps the dogs and small wild animals out. For myself, I would stay away from wood (even though it looks nice) because of the high maintenance and the fact horses love to eat it! Of course, you could add electric so they won't chew... Again, my own opinion, I would worry about horses (especially big ones) getting injured or running through a wood fence. And I once had an electric fence get struck by lightning so I tend to shy away from electric fencing. It blew the fuse right out of the wall and across the basement.