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1 Absolute monarchy (Raja Bhoja)

2 Constitutionally limited monarchy (Monaco)

3 Figurehead monarch, Limited franchise (19th c UK)

4 Figurehead monarch. Full democracy (UK)

5 Constitutional Republic. Full democracy (US, India)

6 Full Democracy. Fragile constitution(Venezuela)
Which regime do I prefer?

I have a strong preference for # 3

A constrained monarchy with very limited discretion. A powerful parliament. But elected through a limited franchise (not more than 20-30% of the population)
Alternatively you have a bicameral parliament, with a lower house elected through 100% franchise.

But a very powerful upper house (not an emaciated one like the current House of Lords) elected through a very limited franchise
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