reiszal;
I've never heard of selecting a ball valve over a globe valve where there would be a shearing effect on flow.
Moreover, the ISA equations (refer to ANSI/ISA 75.01.01-2002) do not take any shearing effects into account and hence begs the question of how can this be predicted such that it can be applied to valve selection? Mind you ISA hasn't come up with any equations or guidelines for sizing valves in two-phase flow applications either, so you can't always rely on organizations such as ISA or API to give you the be all and end all answers to everything. I believe that in both the API and ISA standards, these organizations release themselves from any libalities that can occur by someone strictly following their instructions and not applying sound engineering practises.
With that said, I suggest that you don't use API or any other oganization as literal bibles unless you work in the industries where they are applied. For example, using API guidelines and applying them to the pulp and paper industry simply won't work.
If you were to ask people who work in the pulp and paper industry what control valve is best suited in their applications, the overwhelming response would be ball valves - since they are better suited for slurry applications. The same holds true in the mine and metalurgy industry. In the oil and gas industry, as well as the steam and power industry, the defacto standard is the globe valve. This is because globe valves are more robust at handling things such as flashing, cavitation, and noise abaitment. However, this does come at a cost.
The above web addy links to a good article. Email me, cornejoi@bantrel.com, if the link doesn't work. This really is an informative article so I'd suggest you read it.
Anyway, in general it has been my experience that there is a large grey area where valve selection is based solely on personal preference and cost. This is because in most general applications in the oil and gas industry, either a ball or globe would work. This grey area will be even more prevalent in the near future now that trim characterization can be done via the valve positioner rather than at the trim. I wouldn't be suprised if in 10 years you will see that API has made the ball valve the defacto standard for the oil and gas industry simply because ball valves give you more bang for the buck, when applied correctly.
Anyway, hope this helps out a little bit.
--Igor
cornejoi@bantrel.com