All I can say is that it depends on how many sprites you’re gonna use. Chris Pruett from Google has also documented this part very well.
Google I/O 2009 and Google I/O 2010.
Below is a picture from one of his slides that are related to your topic:
With that knowledge, you should go with OpenGL using the draw_texture
extension. Remember to query out the string and check if draw_texture
is supported on the actual device.
For further information that are related to game development in general, see this.