Pg was the one used in the New Zealand studies and there is reserch that shows it has some know good qualitys. I don't like the research on PEG. I feel PG is "safer" than PEG. PEG is probably cheaper than pg and as usual the makers are looking for cheapiest without regard to quality.
In fairness, the LD50 for mammals is actually ~50% higher for PEG than for PG, so it could well be argued that PEG is safer than PG (it is certainly less toxic):
PEG: http://www.sciencelab.com/xMSDS-Polyethylene_glycol_400-9926620
"Toxicological Data on Ingredients: Polyethylene glycol 400: ORAL (LD50): Acute: 30200 mg/kg [Rat]. 28915 mg/kg
[Mouse]. 26800 mg/kg [Rabbit]. DERMAL (LD50): Acute: >20000 mg/kg [Rabbit]. VAPOR (LC50): Acute: >13 ppm 8
hours [Rat]."
PG: Material Safety Data Sheet
"Oral, mouse: LD50 = 22 gm/kg; Oral,
rabbit: LD50 = 18500 mg/kg; Oral, rat: LD50 = 20 gm/kg; Skin,
rabbit: LD50 = 20800 mg/kg."
Either way, it's over 20 grams/kg for mammals - I'm not going to lose any sleep over vaping a few mg at a time, when it would take a quantity 1000s of times greater to be life-threatening. There is far worse in the food we eat, the water we drink, and the air we breathe.
Not to mention massively higher doses of PEG approved for medicinal ingestion in laxatives than you're ever conceivably going to accumulate from vaping it.