The Apple Pencil 2 is not a replacement for the Apple Pencil, as the two styluses are compatible with different tablets an iPad that works with one will not work with the other. The Apple Pencil 2 is the best iPad stylus you can buy, as long as two things are true – you have an iPad that supports it, and you have the budget for it. Also, given that digital drawing can be quite power-intensive, it might be a good idea to pick up one of the best power banks. We also do have a guide to the best Apple Pencil alternatives if you want more of the those, and if you're not necessarily sold on an iPad yet, we also have a handy guide to the best drawing tablets (though a fair few iPads do feature there). In most cases, we've reviewed these ourselves, evaluating the functionality, quality, drawing experience and more (see our how we test guide for more on how we review products). In this guide, we've included a mix of styluses for all needs and budgets, from Apple's high-end options to cheap, simple ones that are minimal on features. But these are expensive, and if your needs are simpler, then a cheaper third-party stylus will likely be a better option. It's likely that one of Apple's own styluses, the Apple Pencil or Apple Pencil 2, is going to fit the bill.
If you're looking to get some serious creative work done, perhaps on one of the latest high-end iPads like the iPad Air 5, then you're going to want something with pressure sensitivity, fast response times and palm rejection.
Which stylus is right for you is going to depend on what type of user you are.