One sec, I have talked about this subject a lot in great detail. Let me dig it up.
However the coles notes version of this is:
LACP will only benfit you performance / speed wise if you have 1 VM that needs A LOT of throughput, as far as load balancing goes Orig Port ID or LBT will server you better, LBT being the best. Now with 5.5 the new version of LACP in the VDS do have more ip hash algorythems so it is gettinb better. Also the other exception to this is if you have a Nexus 1000 or something.
Re: LACP or no LACP, that is the question
This blog describes it in great detail between your options:
IP-Hash versus LBT - frankdenneman.nl
I hope this has helped.