It seems that a chisel plow would not be too good for breaking up neglected or previously unplowed soil, unless it were extremely heavy duty. A moldboard, I have found, will turn almost anything short of concrete. A moldboard plow is also likely to be less expensive, but as mentioned, they are quite slow.
I would agree that a disk is also unlikely to break up dry or negelected soil very well. I would expect a disk, of almost any weight, to be fine for previously tilled or plowed soil. I just got a new light weight (800 pounds) 7 foot disk and was surprised what a couple of passes down my woods roads was able to do. Granted, the soil was not dry and the seedbed it created was fairly shallow.
The problem of compaction with a moldboard plow becomes evident almost immediately. In our soil, which is heavy in clay, the outside share peels the soil away leaving the bottom of the furrow smooth and shiny. Then, on the next pass, your tire runs through this furrow and even though it gets covered, you know it is even more compacted than before. I doubt this has much bearing on simple food plots but for farming it is easy to see how this would get worse every year.
I have used a two-bottom plow on all of my plots (which had never been plowed before) and then disked them and the effect has been nothing short of amazing. The plow turns the vegetation under and then the disk chops it all up. I like the fact that the plow turns the vegetation over and I'll probably plow each year. But, I've just discovered a nice chisel plow in one of my B-I-L's junk piles (same place I got the 2 bottom plow). It is rusty as all get out and it will need new points, but the shanks and springs look okay. So I may try it out too.