It's easier than you think as Silentone mentioned.
Until damage bonuses come into play (mainhand dual-wield or 2h), you always go for ratio. Divide the damage by delay and compare it to the other weapon, whichever is higher wins. Once damage bonus is an issue than mainhand speed typically wins out unless the ratio is massively better.
There are other factors to consider such as ripostes, aggro, and consistent dps. For example an IFS may rock for solo due to the riposte factor and even out-ratio other weapons but the damage will be streaky. Not over a span of minutes but perhaps per fight. Over a span of multiple mobs things even out but whiffing a few times with a 40 delay 2hander is frustrating in a narrow scope of time.
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