As I understand it Kwin uses Xrender, and Compiz uses OpenGL. Under normal circumstances you would only be running one or the other because they affect the entire desktop when active. Personally I favor Compiz. Theres alot more to play with, and its a bit more mature in my opinion. Xrender I believe doesn't support the hardware acceleration under certain video cards (last I knew anyways) which can lead to undesirable performance in some cases. OpenGL runs well under most video cards with any decent 3d acceleration. So unless you have a specific need for kwin. I'd say just go with Compiz. If you have them both going at the same time, with productive results, I'd sure like to see how thats going. In theory I think something crazy would happen on a visual level. hehe.
Kwin can use OpenGL too

Just if you use KDE Kwin is better...
BTW. Kwin will get better in KDE 4.5

I use only Kwin
