Thanks everyone, it looks like the Picasso II wins then. There is one on Ebay now but I'll have to wait for the next one that comes along.
So to be clear then, even with the RTG ability the Video Toaster control panel can not be displayed? It sounds like I would have to switch back to native Amiga screens to display the Toaster control panel but use the Picasso for other graphics.
My goal is use my NEC 17" Multisync with the Picasso II and a sync strainer. IS there a way configure all of this? Maybe using a monitor switchbox
Finally AmigaKit is selling a vga adapter for $21.95 but is it Toaster compatible? Darn it I want it all! :-D