If all they would do is film - watch then dvd may suit them best as the discs can be played in dvd players.
If they may ever want to edit stuff then dv is better.
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I have one prejudice - I am anti HDV for consumer camcorders. www.zaskarfilms.com You tube channel 'zaskarfilms'
JVC DV5001e (big cam), Sony PC6E (tiny cam), Vinten pro5, PAG light, SM58, Sony ECM50, Sony C-76, 0.5x convertors for sony, Rode video mic, Vegas 7.
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