My two cents from someone who's done a butt load of chippin' over the years;
If you're going to be doing a bunch of chippin', like lot clearing type, arm loads at a time type, go with one that has a horizontal feed chute. That up-angled feed chute is fine for prunings, light limb disposal and such but when you're doing a day's worth of brush disposal you don't want to be lifting the stuff up in the air to feed it all day. Plus you can only do one or two limbs at a time.
Get one with a movable discharge chute. The one's that discharge down into a pile are fine for the occaisional chippin' but get's to be a PITA to keep moving the machine or dispersing the pile for wholesale brush disposal. Plus if you're doing something like cleaning up the woodlot and blowing the chips in the woods you can keep moving the chute occaisionally to disperse the chips and not accumulate large piles.
And finally if at all possible get a self feeder. Less likely to stall if feeding pieces that are close to the
chipper's capacity. Less likely to kick a piece back attcha. Also a huge benefit if you're chipping viney, thorny brush like grape vine, briar rose and such. Try stuffing that stuff into non-self feeder. You will lose some ponies to the feed mechanism, but probably neglible.
I've used all types/sizes of chippers from the homeowner DRs to whole tree chippers so I may be a bit biased. I don't current use a PTO
chipper as I've got a tow behind commercial unit. If all you're doing is the spring clean up and yard debris stuff you can probably disregard half my post though. But at least buy one from a reputable company and that is solidly built, heavier guage steel the better. There are some pretty lightly constructed one's out there that would scare the bejesus outta me. Chippers are violent machines, the heavier, more solid the better. Most of those models previously mentioned in this thread are good machines, I'd add Valby to the list to check out if available. I've used one before they're a quality unit. Bandit has a PTO machine too I think. I'm done, sorry for the long post.