I also need to Comment on the different forms that a story can take and what they each offer to a discerning reader

A good place to start with this question is with the difference between first and third person.

First Person: this style can deal more explicitly with internal, perhaps psychological elements from the very perspective of the narrator.

Third Person: this style may be better for dealing with the overarching plot of the story without the subjective perspective of the narrator to impede its progress.