I don't think there is just ONE difinitive best bit as it is always a balance against cost, use and material being drilled.
Excellent response!
There is no "best" option. My local supplier's catalog lists over 100 pages of hole-making products. Each one of them is designed with a different purpose in mind. A study of various manufacturer's catalogs will provide some information, as will a cruise though the section on "Machining Econometrics" in Machinery's Handbook.
As jjjrmx5 said, all drills wear and eventually lose their edge. Most home machinists run twist drills either much to fast or much too slow. Either case results in dramatically reduced tool life and / or tool breakage. Even when driven by high-quality manual equipment operated by a seasoned machinist, drill life will suffer as compared to an automatic machine.
So, how does one make the most of the tool?
1) A good oil or soluble oil coolant / lubricant will extend the edge life of any tool substantially and result in easier drilling.
2) As will using proper speeds and feeds when the driving machine is capable of it will dramatically extend tool life.
3) Using the proper tool for the job and accepting reduced edge life in difficult situations such as drilling rusty exhaust studs.
4) Sharpen the drill before it stops cutting. As the edge dulls, cutting pressure and temperature rises, increasing the rate at which the tool dulls.
As for a recommendation, any 118° US-made bright or black oxide M-2 or M42 drill will do fine.