There is no simple cut and dry answer. It depends on the specific application.
Here are some of the criteria you need to consider:
1) Power consumption
2) Mains power supply vs battery operation
3) Voltage
4) Current
5) Frequency of operation
6) Other circuits and load applied
7) Availability of components
8) Cost
9) Complexity of design
10) Other options available such as microcontroller
Here are some of the criteria you need to consider:
1) Power consumption
2) Mains power supply vs battery operation
3) Voltage
4) Current
5) Frequency of operation
6) Other circuits and load applied
7) Availability of components
8) Cost
9) Complexity of design
10) Other options available such as microcontroller