I've heard a lot of people say the mechanical gages are more accurate and reliable, but I hate 'em. P.O. put a mechanical oil pressure gage on mine and I can't wait to rip it out. I just don't like the idea of a tube under oil pressure going into my cab (or anywhere for that matter).
I had one in my truck, and when it was owned by my Dad before me it had a mechanical oil pressure gauge. Never had a single problem.
The accuracy, and reliability of a mechanical gauge makes them the choice for me. They take a little more time to install, but when done it is worth it. And wires will wear through just as easy if not ran, and secured properly.
Oh- Another gauge option is speedhut. I have been wanting to try them out. But I don't believe they sell mechanical gauges. They do have a cool GPS Speedo though!

And don't forget Dakota Digital.