Windows 8 – Hibernation or Sleep Mode?

Since I’ve gotten Windows 8 ,when it first came out, I’ve always had my laptop go into hibernation when I close the lid. After exploring I found that sleep mode is actually a hybrid sleep. Is it better to have my laptop go into hibernation or sleep mode? I’ve read that hibernation and sleep mode have pros and cons of their own and I’m wondering which setting would be best to maintain the health of my laptop as long as possible.