He's a looker!! That orange spot on his fin is making my eyes hurt!
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One thing to consider is your local water properties. Local water chemistry may lend itself to keeping certain fish. It's much easier and less stressful to not have to constantly adjust and monitor your water parameters
I look at it as South Americans are larger, and more exotic, with special care needs. Africans are smaller, funner, and more versatile.
To me it would boil down to tank size, there are some really good looking SA's but you need a very large tank (125 gallon +) to do with new worlds what you can achieve with Africans in say a 55.
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Do you plan on keeping any plants?
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