It depends. I'm a Mk17 guy, since I tend to prefer diaphragms, and I LOVE the way it routes in doubles, but I HATE the angle of the HP hose. It juts right at the wing and has to be carefully routed in doubles, and even impinges the wing with singles-routing.
That said, I have come into some Mk20/25s, and for single-tank Hogarthian routing, I MUCH prefer the Mk25. Run the long hose out the bottom port, and the necklace and inflator on the sides of the turret, and it's SO clean and neat.
The way I see it, the Mk17 is a better reg and has better doubles routing, but the Mk25 has better routing for single-tank, IF you want to set it up Hogarthian. The cold-water prowess of the Mk17 is moot (for me), since I don't dive THAT cold, (yet), and if I did, it would probably be in doubles, (so I would use my Mk17s).
Hey, Scubapro, listen up! I'm a big fan, and not slagging off on you, but you REALLY need to bring back the Mk19, AND let us in North America have it! Mk17 awesomeness with Mk25 hose routing. It would be the only first stage you would need to make.