It is always an aim to get as high bitrate as possible/with the hardware limit. No matter if you shoot on dslr, XDcam, P2 etc.
HDV is about 28/30 - the lowest of them all, in the HD world. And its not impressive.
The higher the bitrate, the better color, more "sharpness" (... in the good way, and not resolution). Its gives you much better possibilities for color grading, fixing stuff - lowlight/highligt faults etc.
You might not be able to see the difference right away, looking at the raw material - but when being creative, fixing stuff and colorgrading - you will feel it, and see it very clearly. And it will open up a world of possibilities thats not technical possible with low bitrates.
So keep it high - in the edit its too late to fix things, if the bitrate was too low while shooting.