Overall Halo. The gameplay is consistently solid, but that's not why it's my pick.
ATMOSPHERE, ATMOSPHERE, ATMOSPHERE. Halo has possibly the best orchestral score of any FPS or any game for that matter. The story has never been amazing, but the atmosphere is the best. That epic feeling of the sides of the screen getting black and walking into a large, open area with a huge draw distance in the background is second to none.
The online is a great experience. Many great moments playing Halo 2 with friends, Halo 3/Reach online, and although I've yet to play H4 (No 360 anymore) I'm sure it'd have a lot of great moments.
It's really the sum of it's parts. Put everything together and you have the most complete FPS series ever.
Currently own:
Currently playing: Witcher 3, Walking Dead S1/2, GTA5, Dying Light, Tomb Raider Remaster, MGS Ground Zeros