I think Larry Wise and others have descussed this is some detail. I am a machine designer so I will give you, a little education on what a cam is. But, I am not extremely knowledgeable about which one is better for you.
The cam is generally, a egg shaped object which varies the distance the follower or cable is from the center of rotation. As the distance increases the leverage on the cam increases causing what archers' refer to as let-off. Different cam shapes create different power curves. The speed cam, prevelent today, trys to produce as much force, as long as possible, to product the fast arrow. When you pull back a bow with a speed or hard cam, the cam is very draw sensitive, you will be pulling most of the weight the limbs are creating until just before the end of the draw then the weight reduces. Some bows are two cam bows which means that they are timed, so the cams pull together. Ocassionally, the cams would jump time and the bow would require retuning. But, this was more of an excuse than a problem with two cam bows.
Because the two cams bow have more mechanical parts, tuning problems and did not offer the let-off of the single cams, they fell out of favor with the hunters for sometime. They will probably find something wrong with the One cam so they will have another excuse.
For target shooting, double cam bow and cam and 1/2 are going to be around for a long time, yet. They do not have the let-off that the single cam bows do, but for target shooting there seems to be a limit, to the amount of let-off you can have and release the arrow on target. In other words, too much let-off is as bad as too little.
I hope I have helped a little, I am trying to give some non-technical answers to a very technical subject. If you want a couple of references to some technical manuals, I think I can find some!!!
You might check at huntersfriend.com. They have some excellent bow selectors and addition information.