With a Redistribution License:

 

Is it Royalty free within multiple versions (ver 1.0, ver 1.5, ver 2.0) of our packaged application?

Is there any licensing pitfalls that we may run into by using the Redistribution License for our single application that will be sold to run on our clients servers (all with different URL's)?

Is it more beneficial for us to run the Developer Team License instead? If so Why?

/MB 

>>Is it Royalty free within multiple versions (ver 1.0, ver 1.5, ver 2.0) of our packaged application?

Yes.

To be simple, if you are independent developer, you should go with developer

license which has the royalty free rights.

should go with the redistribution license.

team is your best choice.

In other cases, you should go with the enterprise license.