I am a user of both HB lifetime and Pirox. I use Pirox for PvP only, with proper profiles I never have to worry about it. Never saw my bot have more deaths than kills so it's all about the time you put into setting it up correctly. Idk about HB, never really liked the way it did PvP. This new BG bot is trully promising but only time will tell, until then I will be PvP botting with Pirox, everything else with HB/GB2.
As for the banwave, don't be too scared about it. It only hit the Archa tool which was a really poorly made piece of software. As soon as I saw it, I was like, hell this shit is gonna go down so fast and it did. It's really hard to tell which of these two bots is better but I tell you, a banwave doesn't mean a thing. Hell, HB had a banwave back in the day, never made me have second thoughts about it. Banwaves come, banwaves go, we either dodge the bullet or not and we keep going. I mean WoW without botting? Really? Cmon...