Short answer: probably whatever you think looks good.
I am no expert on the details of retardation devices, but I have seen lots of reports on "real" parachutes (the kind the big boys use) and don't remember any info given on the best shape for the edges.
For our "toy" parasheets, I would expect to find even less research on this subject. This pretty much leaves you with: whatever is easiest to make, whatever you think looks good, or whatever came with the kit.
Something a bit more important to think about, even for parasheets: how many shroud lines should you use? I like to use at least eight, sometimes ten or twelve. The bigger number reduces the amount of load on each attachment and gives a little redundancy in case one tears out. And the increased number of shroud lines helps even a parasheet pull more into the shape of a true parachute.