Generally, a High Cap Modulator is seen as the best choice.
I personally prefer to take the medium route, to protect somewhat against crossbow bolts and the like.
It depends on what your goal is.
If you have armour with really high thresholds, having a weak shield can be a boon, as it only needs to stop enough damage that the rest bounces off your hide.
For a PSI char, even a Capacitor looks attractive if you pick tranquillity, as in uncharted territory it can pay off to just leave the shield on while exploring.
So, what is your aim?