I'm a Rodinal fan, so when I shoot HP5+, it's usually at 200 or 320 - then I get the shadow detail I want. Development time or dilution is based on running tests.
Same with FP4 and Acros in Rodinal - I tend to give those guys an extra half stop. But you can suss out a given film & dev combo in an afternoon and one roll of 35 - optimal ISO, dev times for pushing, and dilution differences with compensating devs. I find that info carries through to 120.
For faster B&W work, I much prefer HP5+ at 1200 or so in DD-X - DD-X is pretty impressive in this regard, and HP5 gives me a nicer tonal range and massively better grain structure than Delta, even Delta in DD-X.
All that to say, it's really a personal thing you should base on testing, and your testing should carry through to your final output vs. just eyeballing the negs.