Here we go again...
I think you'll find that most folks will start with a vertical, disregarding any available horizontals as being limited, I did.
I have both now, a couple of each, though my first is the tiny vertical Benchmaster that I've had for something around 40 years.
Now days, any heavy, deep end mill work that I need done I usually set up in my K&T 2H. It is no problem for me to stand to the side and watch the cut, with the advantages of much greater rigidity, heavier cuts and the chips fall out of the slot! This does require that you are competent in regard to depth of cut, as the hand wheels are out front, but the clutch handle on my K&T is as easy to reach from the left side as it is from the front.
There is a term used in the descriptions of some NMTB taper holders; "gage". I have several NMTB 50 holders with "2.5 gage" etc. That is just an odd way of expressing an elongation of the projection of the nose. A 2.5" gage tool holds an endmill out an additional 2-1/2", increasing the visibility and ease of operation. This elongation is usually tapered with a beefy hold that a J head Bridgeport or clone can only dream about.
Since my K&T is a universal, a tapered cut is very easy. Two choices, mount the part skewed to the table or swing the table to the appropriate angle. No messing with sine bars or expensive, (if it's descent) tilting vises and their size limitations. Lock that big chunk solidly to the table and whack away.
Since you can nearly always get more bang for the buck in a horizontal, doing it over again, I'd start with a horizontal with a universal table. Best of all world's, a horizontal with a vertical head.
A vertical turret mill
can do a few things better than a horizontal but when it comes to very satisfying metal removal, they can't beat a horizontal. That doesn't mean I never use my verticals, there are little jobs with small metal removal. Oh yeah, rotary tables can mount both ways on a horizontal too.
Now gear cutting, even spiral gear cutting...... naw, that's another
horizontal book.
In the late sixties when I went shopping for my first mill, I passed on a nice Hardinge universal horizontal with a vertical head, because it was a hundred dollars more than the Benchmaster. At that time, Hardinge had not achieved general cult status. What would I need a horizontal for anyway? I'll forever be sorry but don't tell my eternally faithful and grossly over-worked little Benchmaster. In '69, I bought a Datsun pickup, $1,800 dollars new. A hundred bucks was a lot of money, 18 of them bought a new "truck".
Come back for lot's of counter conclusions and choose for yourself, kinda' like Ford vs Chevy. In the the car wars, you'll find most Ford guys have seldom driven Chevies and vice versa.
Bob