Like a lot of people, my response to this is confused. Ordinarily, I'd say long (which is what I voted for); I have never seen a woman who looked better with short hair than with it long, and Teri is no exception (she looks great in the Seinfeld episode The Implants)...
...but...
...my favourite Lois hairstyle is a (relatively) short one, specifically from the episode "Contact" in early S3. IIRC, that was another of the wigs, but it really suited her and probably made Teri look the best of any style that I've seen her with. I think it was the way that it framed her face and took away from its length; whatever it was, she looked beautiful.
It was a shame that they didn't stick with it in later episodes.
Phil