Depends what you want to do. But I've found that I do better with Omega Penguin and stages than with Hero's internal flying ability. But it's like asking, "in LTF 2, which is better, propellers or balloons?" They do different things and are useful at different points in the game.
So i noticed people where debating a lot of people talking about what the best launcher, i decided to spend 40 minutes of my life to test this, a perfect green shot of orbital cannon max lvl +30 gave me 70k with nothing else while russian roulette killer shot gave 90! than big bertha 70k and nuclear reactor is 60k GGGGGG WE HAVE A WINNER, i tested a few others such as bazooka but i dont feel like documenting this because i got under 70k and people werent talking about it :D
but the problem with the russian roullete is getting the killershot! It may give you more height on it's own but it is a small chance! Somebody said there was a trick for the russian roulete to always land a kill shot i tried that trick didn't work! So to conclude thisrussian roulete is better if you want to have a small chance on a 90k altitude but orbital canon is better for only 70 k altitude but almost always a certainity. Cause keeping a pengiun in the green isn't that hard!