Here is a quick link that oulines the basic capabilities of the two: http://www.orthogonalthought.com/blog/index.php/2009/01/mbr-vs-gpt-comparison-windows-vista/
I don't know of a "best practices" doc per se (if someone does find one, that would be cool), but here is the way I'd think of it:
From everything I've read, there is no real performance gain or loss in going from GPT to MBR or vice versa. GPT is reported to perform better because it's automatically aligned whereas MBR needs to be aligned manually. Most people neglect this, thus it appears to perform not as well. The choice between GPT and MBR will more likely be based on need.
Basic things to consider:
- Obviously, if your partition needs to be > 2 TB, you need GPT
- If the partition needs to be booted from, it needs to be MBR (unless you have an Itanium system)
- If you need > 4 partitions, GPT
- If you have an older OS, MBR only
In your case, you'll probably be fine with MBR unless you anticipate growing the paritions over time to exceed 2 TB.
My two cents.