What is the best software for home movie editing

Have some old home movies that were digitalized from 8mm film to VOB format.  Want to edit and clean them up and reformat into modern mp4/H.264 format. What is the best software/app to use on iMAC running 10.9.2?  Thank you for any suggestion.

I would expect that iMovie would be quite adequate for this. If you find it lacking, or if you're just curious, take a look at Final Cut Pro X. There is a thirty day, fully functional trial download so you can find out first and whether it's worth $300 for your purposes.
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