It depends on the application. If it is a small fan or easy application go with V/F. As a rule V/F is going to be less accurate, lower current and less money. You can buy a vector and run it in V/F mode.
If you get into kilns with fans that are reversing and being back driven you may want vector with external braking resistors. On large fans you may not have a choice, only vector, but you may need to increase the slip to reduce current.
Most
VFDs have a tuning procedure you can do or you can get motor constants from motor mfg. I think the best is to get a VFD that constantly tunes to the conditions while running, like Hitachi.
Vectors really do well below 15 hz with speed and torque control. Vectors are used in hoists where you need torque at 0 hz. The Vector senses the motor speed and adjusts the output to match the command speed. It can sense with an external device/encoder or it can sense the slip by the current waveform compared to output voltage wave form, sensorless vector.
A V/F basically just puts out the commanded frequency and does not care about changing load or slip.