Definitely the high CAPE days. Not 2500-4000 though with only 15-20 knots of shear. Gimme 5000 or more and I'm elated because I
know I'll see some severe storms if they do form...no doubts about it. If there is a boundary around relatively parallel to the mean flow, then I'm taking the day off work.
I love severe thunderstorms whether they produce a tornado or not. If I'm going to spend the time and money to chase, I want a good storm and a high CAPE day pretty much guarantees that (if the cap busts...lol!)
I've had MORE bust days with low CAPE and high shear simply because the updrafts tend to get "decapitated" if the CAPE is too weak. I can remember several high risk days that went "pffft" because of this...even with SREH of 500+ and favorable mid/upper dynamics. Also, high shear to me means storms hauling ass that are difficult if not nearly impossible to stay with for any period of time. I just think the odds of getting a good storm are much much less.
As far as days that were supposedly only 500 CAPE and strong shear, I'd be willing to bet that some localized/mesoscale CAPE of 1000 or more was around....either surfaced based or mean layer. Just my suspicion. ;-)
As was mentioned, I can count many high CAPE (5000+) days with only 15-20 knots of 0-6km shear......but favorable *storm relative* shear/winds (read some of Rich Thompson's case studies on this). High CAPE days will see storms usually moving more devient to the mean flow or even becoming stationary. Anybody remember one of the events in early June in SW OK? I can't remember the exact day, but I'm driving into Kansas for the next day's chase while watching that beauty on radar barely inching southward. You could pulled up a lawn chair and watched it.
Of course, Jarrel is an example...so was the awesome Lake Whitney tornado a few years ago. Those are just a few prime examples. And, gosh, how many outrageous Nebraska tornadic supercells have we seen with high CAPE and low shear? I've seen enough to know that I'd like to retire there....LOL!!
Basically, I believe that the "ratio" for impressive supercells with high CAPE/low shear is much higher than that for low CAPE/high shear days.