The format you choose depends upon some factors: How much available space you have, whether you intend to do extensive editing, compatibility with devices, and whether you want the footage primarily for viewing. Depending upon your intended usage, I would store your clips in the Mp4/H.264 format because, being more compressed, it takes up less space and is an excellent, high quality, and almost universally compatible viewing format that is versatile in its uses. While not regarded as an editing format for professionals, for consumer use I find it very satisfactory for editing.
If you intend to do some finite editing of the clips on a professional basis, then you could consider sticking with DV. Or maybe Pro Res 22. They are very uncompressed so will take up lots of space. Because of the space issues, they are not suitable if you intend to transfer the clips to other people or post on the internet. Those formats in my opinion are primarily for professional editing, and not necessary for consumer uses. But that would be your call, of course.
-- Rich