The difference between the barrels is weight. A heavy barrel has a larger OD so it weighs more. It also takes more to heat it up so your riffle stays more on target longer when firing repeatedly. It actually dosen't take that much to heat up either barrel. A heavy barrel, also is stiffer so it would make the riffle accurate under more various loads. You can always tune a barrel for resonance, but the heavier the barrel the less it will resonate (hence the bull barrel also being more accurate). Anyway, you can also get the barrels in fluted which splits the difference more or less. A fluted heavy barrel will be lighter then a heavy barrel but heavier than a light barrel, it will also resonate more than a heavy barrel but less than a light barrel.
If your riffle is going to be a bench shooter, then by all means a bull barrel is the way to go. If you're going to be carrying it a fair bit a heavy or light will make life alot easier. If you think you may rapid fire, even if occasionally I'd go for the heavy barrel.
Now the twist rate. The 1 in 9 is good for most ammo. If you'll going varmenting and want the 45 grain stuff then that's the way to go. It'll work well with 55 grain ammo which is the most common, and even 65 grain green tip mil-surp, but it won't do as well with the heavy, rounds, tracer, 77 grain and up. Well it will but not reliably enough. Also with the 1:9 twist your barrel should last a little longer and you ought to have a little higher velocity.
The 1 in 7 is a fast twist. Fast enough that it can actually compromise accuracy with the light varmint ammo. Fast enough that in some cases it can cause the ammo to come apart in flight. On the other hand it will definatley do a good job with tracer and heavy ball, which is itended for longer range effectiveness primarily.
I'm not as sure about chrome lined... my understanding is that chromed barrels are more durable but not as accurate. Personally I'm going to be looking at a stainless barrel for my project AR.