I have briefly discussed this question in a table so you can conclude whether to go with InnoDB or MyISAM.
Here is a small overview of which db storage engine you should use in which situation:
MyISAM InnoDB
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Required full-text search Yes 5.6.4
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Require transactions Yes
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Frequent select queries Yes
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Frequent insert, update, delete Yes
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Row locking (multi processing on single table) Yes
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Relational base design Yes
Summary
- In almost all circumstances, InnoDB is the best way to go
- But, frequent reading, almost no writing, use MyISAM
- Full-text search in MySQL <= 5.5, use MyISAM