Office 2008 or Office 2011 on iMac 2007 running Snow Leopard

Hi iMac Folks
My iMac Mid 2007 has 4GB RAM and is running Snow Leopard on a 250 GB partition, the another 250 GB partition is purely for Time Machine backup. I also got both Office 2008 and Office 2011.
From the perspectives of performance, stability and compatibility, which version of Office is the best choice for this old iMac?
I currely have a Mac Pro running Office 2011, can Office 2008 open 2011's files without any difficulty or problem?
Cost is not an issue here, as I have already owned both copies, each has three licenses. However, in terms of cost, if possible, I prefer using Office 2008 as this way I can keep more Office 2011 licenses for new Macs, if any.
Any comments are welcome.
Kind regards
B

From the perspectives of performance, stability and compatibility, which version of Office is the best choice for this old iMac?
2008.
I currely have a Mac Pro running Office 2011, can Office 2008 open 2011's files without any difficulty or problem?
Yes. Both use the standard .docx and are backwards compatible with older (pre 2007) .doc files.

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