Black Label with full page ads is probably the best at the moment.. for small and medium sites, that is.
I've used almost everything and haven't had much luck with the affiliate stuff. BLA and Juicy ads have payed the best for me but I hated waiting 2 months for BLA to pay out so I'm sticking with Juicy.
Faster payments, twice per month and better rates. There's anew adult advertising network around, still in beta. Get in while it's hot. See the link in my signature.
You are completely wrong. AFF PPC program can be changed to Percentage Program at the end of the month if you don't make sales. I recommend you sell ad slots if you have big traffic or try a decent company as Black Label Ads(banners) or Clicksor(popunders) they allow adult content and have good rates for you.
AFF can convert your Pay Per Click to percentage program already if you don't send sales or free signups after your first three days or 500 uniques. They no longer wait till the end of the month. For banners there's a new king of the hill down in my signture. A total of 5 clicks last hour on one of my sites earned me 33 cents on a 70% revenue share. That was years ago since Black Label Ads could competet with that level of payouts. Get in while it's hot!
I have a passes blog with pr2 and I am using blacklabel ads but it give me not more than 0.5$ a day. i have over 1500 unique visitors and over 3500 pageviews per day on this blog.
Traffic Revenue sounded really good so I signed up and put their code up today. It slowed my site load time down so bad I immediately removed it.
I have two Mature/Adult Movie sites. I did have clicksor on one and adsence on the other. Now I just use Blacklabel on them both. And am making about $1 per day from them now. Before I switched I was only getting half that. Both get around 400 U/V per day, and 15K and 20k page loads per day.. In short, I have found clicksor inline text adds to be good, but their full page/pop up did slow my site a bit. But your if your page load per visitor is low give them a go. When your page load per visitor is high ( mine can be 5 or 6 per visit) Blacklabel adds is best..