I have an old iCom fixed VHF with an antenna on top of the mast. I also have a spare radio that looks identical.
Then there's the high-end Standard Horizon hand-held VHF that's being safely stored on the bottom of Lake Ontario, where nobody can steal it.
And finally, the new
floating hand-held VHF with led strobe, in case I decide to store another radio on the bottom of Lake Ontario for safe keeping.
I really miss that SH radio. <heavy sigh>
Remember that marine VHF signals are line-of-sight (short wavelength, being 155-161 MHz or thereabouts), so tx/rx distances are mostly dependent on height above ground/water. Putting it up on the top of the mast gives you the best range you're going to get. Hand-helds usually have at least two power settings (I think mine has three), so you can both save power and not step on other folks' communications when you don't need higher wattage. I seem to remember that 6W is the max for hand-helds. But no matter the wattage, which is limited by the FCC (25W for fixed, I think?), if the antenna is close to the surface, the signal isn't going to go very far.
Hand-helds are great for bridge/lock opening requests, or talking to other boaters near by, and they're just darned convenient. I never use my fixed radio. But if it hits the fan in a blow, I want that higher wattage with the antenna up as high as it can be, thank you very much.
Don't know anything about short-wave radio other than the wavelengths are much longer than the really short wavelength of marine VHF (11-120 meters vs 1.9 meters for marine VHF, I think). Long enough that you can skip the signal off the ionosphere, and get crazy distances out of them. Marine VHF is strictly line of sight, though the signals do 'bend' a little, so practical distances can be a little longer than theoretical straight-line distances.
And if putting an antenna on top of the mast, use a 3dB gain (short) antenna. Higher gain antennas have a flatter pattern, and while good for power boats that stay more or less level, they're not so good for sailboats that heel. Higher gain but closer to the water is probably not as good as lower gain but higher off the water, especially when heeled.
There are at least a few folks around here that really know this stuff, so I'll leave it there.