I would use target CPA. This option gives AdWords more flexibility to generate conversions and it tries to keep the average CPA over a longer period below your target CPA. As target CPA you put a price that you are happy to pay for a conversion. (Don't lower the recommended bid too much)
Since your campaign's main goal is to drive conversions, I would choose the 'optimise for conversions' Ad rotation option. After a while you can remove ads that have a low converison rate and add new ones, based on your best performing ads.
Good luck!