In short, InnoDB is good if you are working on something that needs a reliable database that can handles a lot of INSERT and UPDATE instructions.
and, MyISAM is good if you needs a database that will mostly be taking a lot of read (SELECT) instructions rather than write (INSERT and UPDATES), considering its drawback on the table-lock thing.
you may want to check out;
Pros and Cons of InnoDB
Pros and Cons of MyISAM
