The simple rule for using film is use the film with the slowest ISO as you can tolerate in operation. By all account, slow film are always finer grained and usually exhibit a larger latitude and usually give better image quality. 35mm film user had been tempted to be as mobile and tripod free as possible and that typically means using ISO 200 or 400 film in less than sunny days. But if one is willing to shoulder the burden of a tripod, then there is no reason why one cannot use slow film even in low light situations.
The foremost consideration for film use is what type of film to be used. Slide tend to be the toughest as they exhibit the most demanding shooting discipline but allow for unique work to be had ( say for projection ). B&W is frequently used for artistic application and of course are far more adeptable for wet darkroom work. Color Negative is the jack for all trade.
One must ask himself / herself what is the ultimate goal of the image presenataion. Shooting for print in general means using Color negatives. Shooting for possible material for future darkroom and digital synergy means slide is better but demand a lot more from the photographer. B&W is purely a subjective choice for its own unique image quality.