Air show pictures:
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Focal Length: 400.0mm
Aperture: f/14.0
Exposure Time: 0.0063 s (1/160)
ISO equiv: 200
Exposure Bias: +0.33 EV
Metering Mode: Matrix
Exposure: shutter priority (semi-auto)
White Balance: Auto
Flash Fired: No
Color Space: sRGB
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Focal Length: 380.0mm
Aperture: f/9.0
Exposure Time: 0.0013 s (1/800)
ISO equiv: 200
Exposure Bias: none
Metering Mode: Matrix
Exposure: program (Auto)
White Balance: Auto
Flash Fired: No
Color Space: sRGB
Your location is more important than settings. If you have to shoot into the sun, it'll be more difficult to get decent images than if the sun is at your back. A hazy sky also complicates things - as was the case when these pictures were taken. The smoke used by aerobatic performers can be hard to work through, especially on a windless day or when the sun is in your face.
There's a school of thought, often expressed on this forum, that a relatively slow shutter speed is preferred to emphasize rotor and propeller motion blur on helicopters and propeller-driven aircraft.
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Focal Length: 150.0mm
Aperture: f/25.0
Exposure Time: 0.017 s (1/60)
ISO equiv: 200
Exposure Bias: +0.33 EV
Metering Mode: Matrix
Exposure: shutter priority (semi-auto)
White Balance: Auto
Flash Fired: No
Color Space: sRGB
And there is a difference when shutter speeds are changed.
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Focal Length: 135.0mm
Aperture: f/9.0
Exposure Time: 0.0020 s (1/500)
ISO equiv: 200
Exposure Bias: +0.33 EV
Metering Mode: Matrix
Exposure: shutter priority (semi-auto)
White Balance: Auto
Flash Fired: No
Color Space: sRGB
As often happens with stylistic preferences, there's no right or wrong, and slower shutter speeds increase the difficulty of getting a clean image. The decision is up to you.