It depends, i do both but what do you really like doing? i love keeping hands on but have no problems leading teams to deliver "things", it also depends on you....you have to be a leader and motivator to be a PM and a leader is not something you can really learn, it has to be bred into your personality.
My only recommendation is to picture the worst team you can think of to deliver something with, then figure out how you would motivate them, keep them in a long term driving project, and come out with everyone feeling they have been the biggest contributor to it's success. Then you are the droids they are looking for