I do both! I built a dual stage counterflow chiller, so the first stage uses groundwater, whatever temperature that is, and then the second stage is recirculated ice water with a submersible pump. In the summer in Georgia, I can chill down to low 60's, upper 50's in one pass. In the winter I can get into the 40's from what I recall, also in one pass. It takes me about 15 minutes for 11 gallons of wort into the fermenter. Cleanup is more significant, but the chilling times are worth it for me.
The chiller is 50 ft in total length, half for each stage, and I have it wrapped around a home depot bucket, which makes it easy to move around and relatively secure. I do have valves on it if I need to slow down the flow to get a lower temperature, but I've found that for ales, which is what I brew almost exclusively, I don't have to worry about it. If anyone wants more information on the chiller, I posted about it a while ago with pictures and more details.