Probably the best version of THPS2. It has the first Pro Skater levels unlocked after you finish the main campaign. However, you'll breeze right through those bonus levels due to the high score goals unchanged from the original game. Manual filled combos which weren't present in PS1 will make short work of those goals.
The big drop penalty from PS2 is still present while playing the PS1 levels. Levels like Downhill Jam will be troublesome to play through because they are very height intensive and you'll bail no matter how high your landing stat is.
It also doesn't contain the soundtrack from PS1, but the Xbox had the feature to play music from ripped CDs, so you could theoretically create a PS1+PS2 soundtrack through those means.
The big drop penalty from PS2 is still present while playing the PS1 levels. Levels like Downhill Jam will be troublesome to play through because they are very height intensive and you'll bail no matter how high your landing stat is.
It also doesn't contain the soundtrack from PS1, but the Xbox had the feature to play music from ripped CDs, so you could theoretically create a PS1+PS2 soundtrack through those means.