I think there's some merit to the caravan idea, they tend to have more internal space at the same length (or put it a better way the internal space can be better utilised without needing to meet driving requirements which often translates to better layouts inside). They are also lighter and allow you to have the option of dumping the snail's shell when you get to where you are going so you can go to town or little side trips etc.
On the other hand, if you have to buy a caravan and a tow vehicle, it will cost you more most likely than just buying a camper. As suggested above, a second hand option may be a lot more cost effective BUT - be very careful that you don't end up with one with dodgy modifications to meet the new toilet compliance requirements that come into force next month.
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