But is Aranea any better than the other mage companions, Marcurio etc? Stat-wise I mean?
I've run with both Aranea and J'Zargo and I haven't noticed any obvious difference, but I'm not certain how stats and leveling and such works with followers. I play on XBox so it's much to harder to play with the console to test such things. I remember reading something (here on the forums) about J'Zargo's maximum level cap being significantly higher than other followers or something, but I have no evidence of this.
@OP: Originally I planned to work with Nelacar, but I haven't had issues with a soul gem supply for recharging items (I rarely actually do any enchanting). Went with Aranea after I saw how much chaos mage followers can unleash. If I have a character poking around the mage college, I'll go with J'Zargo because I find him amusing. If not, Aranea. I find both significantly less annoying than most other followers.