Megaman Tournament

Battle Chip Collections:

Cannon Series
Advantages: Low memory usage.
Disadvantages: Not as damaging as other chip series.

Sword Series
Advantages: Low memory usage and ignores enemy defense.
Disadvantages: Fairly weak set of chips that can be passed up for more damaging chips.

Hammer Series (includes Pickaxe)
Advantages: Can freeze many Navis and the Pickaxe can remove Shield and Ironwall from opponents.
Disadvantages: No real disadvantages, a standard set of chips with decent damage.

Fist Series
Advantages: Very damaging set of battle chips, all have a chance of stunning and the Sting Fist can hack Navis.
Disadvantages: High memory usage.

Misc. Cannon Series
Advantages: Rocket Cannon is powerful, Mega Teddy can freeze, Dash Punch can stun.
Disadvantages: All have high memory usage and their alternate effects may not always work.

Elemental Sword Series
Advantages: Very effective against elemental Navis.
Disadvantages: Not as powerful as other elemental chip series.

Elemental Cust. Series
Advantages: Each elemental attack has some special ability like stun or frozen.
Disadvantages: Still not as damaging as the Blade series, and sometimes can miss.

Elemental Blade Series (includes Explosion Gun)
Advantages: Very damaging against elemental Navis.
Disadvantages: High memory usage.

Recov Series
Advantages: Helpful early on in the game.
Disadvantages: High memory usage and becomes obsolete later in the game when you have Energy Tanks.

Shield Series (includes Spike Shield)
Advantages: Very effective in cutting down damage from Navis.
Disadvantages: High memory usage, almost absurdly so.

Misc. Beneficial Series
Advantages: Haste Glow and Candle are great, HP Boost can save you many times.
Disadvantages: High memory usage and later become obsolete once you have other skills.

Elemental Aura Series
Advantages: Makes you practically invulnerable the the given element, Life Aura even has firewall.
Disadvantages: Very high memory usage.

Net Navi Chip Series
Advantages: No real advantages other than the attack or skill they do.
Disadvantages: Not a good source of damage and very high memory usage for each.