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For a while, I based promotion/demotion based on VORP. That compares a player to the rest of his league. I figured if a player had a high VORP, he was better than a below average player in his league and deserved a call up.
However, there was a thread going around about minor league stats not being a very good indicator of player performance in the majors. Since, I've reverted to using ratings.
Don't know if I can say which produced better results. It's kind of a YMMV thing.
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GM Havana Sugar Kings, World Baseball League - 2000, 2003, 2005 WBL Champions
Former GM Washburn Sea Wolves Dog Days Baseball - 1981 & 1986 Kennel Cup Champions
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