My take, having read all of these comments:
Light items: 4 swivel casters is best for easy maneuverability, Johnson bar is also good you're a euro kind of guy/gal
Heavy items: It's a toss-up between johnson bar and 2 swivel/2 fixed. Johnson bar might be a little freaky for tall machines (bandsaw), but best for machines with a lower center of gravity. But if you have limited room, Johnson bar is probably best. 4 swivel casters will work, but you'll need some muscle and patience.
I know some disagree, but that's my take on the general consensus.