I'm not sure. I had one with my first (induction at 40+10), and the actual labour was lovely. 0 - 5cm in a couple of hours, then epidural. No pain, I listened to music and read a book. Dilated easily. Then pushed for 2 hours and nothing. After that, I had a ventouse and episiotomy. Which wasn't nice, but got the job done. DS was born with a funny shaped head and a frown (but that's just him, can't blame the epidural
)
After, I was sore, and swollen, couldn't pee properly, and it took a long time for things to feel normal again. Had the pleasure of peeing in a bed pan in the labour room, because I couldn't get out of bed to use the bathroom and clean up. Oh, and asking for a catheter because I couldn't feel if I needed to pee.
With my second, I went into spontaneous labour, went in at 5cm, and delivered a couple of hours after with nothing but gas and air (despite begging for epidural - not enough time). It wasn't particularly fun, for the 20 or so minutes that shit got real, but quite different. I felt him moving down and out, and, although I tore, I was back up on my feet so much faster. I think I felt connected a lot more to the whole experience (sorry for sounding a bit dippy there, but not sure how else to express it).
So, if I had to do it again, god help me, I might choose to hold off and see how things went.