subselects - which is faster?

It's been a while since I've done much SQL..

. I'm wondering which of these two queries is faster (both get the
same result)?

. Which one is more correct? Does it even matter or are they the
same? The first one reads easier to me.

. What's the difference between "InitPlan" and "SubPlan"?

explain SELECT eqid,
(select name from tbleqattrtypes where id=
(select eqattrtypeid from tbleqattrs
where id=main.eqattrid))
as attrtype, eqattrid from tbleqattrmap as main;

NOTICE: QUERY PLAN:
Seq Scan on tbleqattrmap main (cost=0.00..1.15 rows=15 width=8)
SubPlan
-> Seq Scan on tbleqattrtypes (cost=0.00..1.04 rows=1 width=12)
InitPlan
-> Seq Scan on tbleqattrs (cost=0.00..1.09 rows=1 width=4)

explain SELECT eqid,
(select
(select name from tbleqattrtypes where id=sec.eqattrtypeid)
from tbleqattrs as sec where id=main.eqattrid)
as attrtype, eqattrid from tbleqattrmap as main;

NOTICE: QUERY PLAN:
Seq Scan on tbleqattrmap main (cost=0.00..1.15 rows=15 width=8)
SubPlan
-> Seq Scan on tbleqattrs sec (cost=0.00..1.09 rows=1 width=4)
SubPlan
-> Seq Scan on tbleqattrtypes (cost=0.00..1.04 rows=1 width=12)

One additional detail: right now the tables are all very small, and
tbleqattrtypes will not grow much, but tbleqattrs will eventually be
very large.

Thanks, and sorry for bothering you all..
- Cedar