Personally I prefer head to head leagues...I find it to be a little easier.
A live draft would probably be better but considering that people are in different time zones that could create some problems in choosing a good time for everyone.
Agreed with Head to Head. Live Drafts are also preferred to, even if you can't make the time you can set up an order for the computer to auto-draft for you.
Can do a bunch of different things with the Stats you want to count. Obvious things like Goals, Assists, +-, Sv%, GAA. Other fun things to add are stuff like Penalty Minutes to encourage adding more than just superstars, SHGs, Power play goals, etc.
I did Yahoo for the 1st time last season with a bunch of guys I know. It was head to head. Now that I know what I'm doing I'd like to get a team going in a league with other guys who know what they are doing and not dropping out with 6 weeks to go.
If there is still space when it's set up, send me an invite.