If you definitely must only have 2 joysticks because of cp room or something, then maybe the Sanwa Jlw or the Seimitsu is you best choice.
I use the JLWs and I'm very happy with them.
Just to give you some ideas on options: What I have is a Sanwa Jlw for player 1, which has a circle gate (restrictor) so its dedicated 8-way and I use the cherry switches that are typically used in Happ Supers (less clicky). I currently have a JLW for player 2 that has the 4-way, 8-way restrictor but I plan on trying out the Omni2 from Groovy Game Gear which looks like a JLW with a knub on the restrictor for easy switching between 4 and 8 way.
Remember, with switchable sticks, you will need to access underneath for switching, unless you use the magstik plus. Personally I have heard a lot of complaints about that stick, but everyones taste is different.