My brother in law recently bought a PS4, and is planning to buy a stick, he was looking to spend around £200 to £250 GBP on either a TE2+ or a VLX.
He asked me my opinion in regards to which is better value, I told him neither. I advised him to get a padhacked DS4 put in to a last gen OG VLX and would cost about £200 and much better value.
I say this based on my observations of this gen and my experience of last gen. I do not own a PS4 or XBOne or WiiU, but i own a PS3 and the entire digital fighter Library, including the classics, and a lot of the shmups aswell. I have a hoard of various officially licensed arcade sticks, some stock, and some with Official Sixaxis Padhacks (axis adapters)
This gen officially licensed sticks, pads & 3rd party boards are having problems with local multiplayer set ups, there are work arounds, but at the price you pay its a bitch, and theres no relying on whether sony will take this issues in to consideration in their future updates
Last gen on PS3 the only reliable way to play classic releases on a stick (remember CVS2) was with axis adapter stick mods, so with XBOne increasing their backwards compatibility with X360, and PS2 classics appearing on PS4, im betting similar issues will arise this gen, especially with the issues with official licensed sticks on current gen games, albeit multiplayer.
Maybe the current recomendation for people who want advice on a new stick should be to get an Official 1st party pad hack?