I think it would depend on the parachute activity. Id prefer to approach from the south east, join in the overhead at 2000ft, decend deadside right turn and over the takeoff end of the runway at circuit height. Turn right into the downwind leg and carry out the checks etc and prepare for the base turn.
Would give you a good chance to get a visual on who is in the circuit, and you can get a better idea of where in the pattern you will join them when you turn downwind.
Straight in`s are fine, but executing an accurate overhead join is a much more pleasing experience, a nice mix of high workload and airmanship.
Regards,
Speedy