I have v brakes on my customised bike (built ground up to my specs) and they are excellent. It all depends on how you want them to brake, and what levers you are using.
Setting the block to hit the rim just write means it becomes extremely difficult to lock the brakes, or you can set them to lock easily. Use non v brake levers and you are in for a massive surprise if you brake suddenly.
I worked in a city bicycle shop years ago to learn about bicycles, and the owner (an old guy who knew everything) had one courier come in, got himself a fully customised bike, took hours and heaps of $$$. Came in to collect, was told to take it easy and bed the brakes in... he went off like a madman, speeding down a hill, car pulls out, he went over the car and by by bike.
never used discs, they were expensive, I couldn't service them myself, and apparently the mech I spoke to said from testing my brakes I wouldn't gain much for the cost. All depends on the v brake pads you use.
And you don't want brakes that lock whenever. Otherwise the rear overtakes the front and it usually turns to custard.
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