Oval
I've done both (military and civil). So unlike you and many on this thread, who have only one background, I can comment based on my experience.
So here is my comment: Both types of flying have their challenges. Although I am a bit partial to feeling that tight formation flying is......never mind.
Once again, kids, we need to relax. None of us would be here if we didn't have the talent.
As for the future pool of talent.....how does that saying go? You pay peanuts you get....