Ok so I've got my hands on a red psp 2001 (The red God of War version) and I want to know how to hack it. I've read the guides but to be honest some of it is still going way over my head. The software version is 6.00 and I don't know the mobo version as of yet as I still need to get a memory stick but should have one in the next few days. But for now consider that I have both the option of doing it via cfw or lfw. My questions are;
To put cfw on it would I need to buy a pandora battery like this one and then roll back the official firmware already on it and then proceed to follow the cfw steps?
To put lfw on it do I just need to update it to the newest ofw and then proceed from there?
Are there any advantages to cfw over lfw other than the fact it doesn't have to be rebooted everytime the psp is turned on, i.e. are there homebrew programs, types of games etc. that a psp modded with lfw can't run?
And lastly for someone with zero experience with stuff like this is one a lot easier than the other or are they both manageable?