I gotta say theatrical. I thought the runes thing at the end was just terrible and almost felt forced! Plus, a rune cannot control someone. It is a symbol. It just didn't work for me. Besides, I liked the violence of the original cut better anyway.

I prefer the producer's cut. I feel it makes more sense and explains some things better. I also like that Loomis gives the opening narration here and that he has more screen time since his part was cut down to practically nothing in the theatrical version. It also helps that this version has better music.