Generally speaking if the lines are looped or you must coordinate relays with varying short circuit current its distance relaying. For radial lines, especially those where short circuits do not need to be cleared instantaneously for system stability reasons, the added cost of step distance is not worth it.
Consider the differences via the two:
12.47kv;
1. Lines are radial (with limited or no generation infeed) and thus time over current curves can simply be "stacked" while selectively coordinating with ease.
2. A 12.47kv fault can easily go for 60 to 120 cycles without throwing major generation out of syncronism.
3. Delayed clearing is actually appreciated to coordinate with fuses, series of reclosers and "slow" devices.
4. Line impedances will vary based on switching of the line via switch or loop recloser. Any line can become longer or shorter, pickup up longer segments, segments with different size/conductor spacing or perhaps feed a completely different distribution circuit altogether.
5. Faults, especially L-G faults, can have significant impedances which may fall outside of zone 1 zone 2 and even zone 3 distance elements. On the other hand arc sense technology can pick this up, and on 3 wire lines zero sequence/ground over current elements can pick this up.
6. No phase angles to worry about when re-closing (line is always denergized when the breaker is open) and thus no bus and line VTs are needed. As a result distance protection would actually elevate cost significantly. Ditto for measuring each line's sequence components.
69Kv;
1. Lines are looped/meshed with varying fault current and thus forces the need for discrimination that goes past over current.
2. Critical clearing comes into play, with line clearing times at about 20-25 cycles often being required. Where this is to long POTT can be implemented (standard on modern distance relays) to bring it down to say 6 cycles.
3. Buss and Line VTs are often required based on phase angles / re-closing philosophy alone.
4. Lines usually do not change in distance from switching and thus sequence values remain the same.