Any driving arrangement for a given load can be looked from three aspects to arrive at the optimal selection of an efficient system - Electrical (motor), electronic (control) and mechanical (transmission between the prime mover and the load). Truly speaking, there is no single system which can be called the best and a combination can be arrived at by studying the application (charecteristics and parameters of driven load)
Electrically, an optimal rating is to be arrived at depending on the load parameters. This would mean matching the prime mover characteristics with load characteristics. The result could be an AC / DC / Servo...
Electronically, the speeds or torque controlling methods (considering feedbacks and tolerences)have to be incorporated in the control scheme resulting in simple V/F, Vector control, analog/digital, servo...with application specific modules.
Mechanically, the losses in the transmissions have to be looked into. This is one aspect that people seem to overlook in most cases. A worm reduction gearbox is a highly inefficient gearbox for large reduction ratios (so much so that in many cases motors are selected more to cover the losses in the gearboxes than to drive the machine) and planetary / hellical gearboxes are much more efficient.
So, invariably it is the overlapping areas of engineering and economics that decide selection of the right combination and this overlapping area would shift from application to application.