No Index or Delete Low Quality Pages?

[rpoint2012]

No Index or Delete Low Quality Pages?
I have a website that was hit pretty hard in the recent Google Panda update and I hear that you can get your site higher in the search engine rankings by getting rid of your lower quality pages.
The question I have is whether I should add a
<meta name="googlebot" content="noindex"> to lower quality pages blocking just the Google bot fromfinding my page and letting other search engines use it to rank or whether I should just delete my lowest quality pages from the search engines entirely
===============
Banner Advertising|PPC Management