I only have a Kindle, but I usually go for the epub version of any PD book, then convert in Calibre (in my opinion Calibre usually handles the conversion very nicely), because that way I have both epub and mobi in the Calibre library - after all, one day I may have a different reader.
I understand that I could download both versions, and get a hand-crafted mobi version with all the bells and whistles, but the way the mobileread website is laid out makes that slightly more trouble than just downloading one version and converting it.
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