Do you have a multi-channel amplifier? If so, then a processor would be the logical choice.
Having had both types of systems, I find that a receiver is perfect for my A/V needs. It's cheaper, consumes less space, has excellent video processing and sounds great, however I am not nearly as critical in my A/V listening as I am to 2-channel music.
If you use the system for 2-channel listening as well, then separates may be a better choice.
I tried using a single system for both audio and A/V needs and never found myself completely satisfied. I replaced it with a better 2-channel system and a cheaper receiver based system for A/V duties.
For me, this was the correct choice.
Only you know what you are looking for out of this system so only you can answer the question.
Having had both types of systems, I find that a receiver is perfect for my A/V needs. It's cheaper, consumes less space, has excellent video processing and sounds great, however I am not nearly as critical in my A/V listening as I am to 2-channel music.
If you use the system for 2-channel listening as well, then separates may be a better choice.
I tried using a single system for both audio and A/V needs and never found myself completely satisfied. I replaced it with a better 2-channel system and a cheaper receiver based system for A/V duties.
For me, this was the correct choice.
Only you know what you are looking for out of this system so only you can answer the question.