The five-ocean model (Pacific, Atlantic, Indian, Southern, Arctic) is the current international standard (IHO 2000), but debate persists.
Some oceanographers advocate merging the Arctic Ocean with the Atlantic, citing shared water masses, circulation (thermohaline), and fauna. This yields four: Pacific, Atlantic, Indian, Southern.
The Southern Ocean (south of 60°S) lacks land boundaries; its northern limit is the Antarctic Convergence (polar front), a dynamic ecological boundary. Some treat it as a southern extension of the other three oceans.
Ultimately, ocean boundaries are human constructs on a continuous global ocean. The "best" classification depends on purpose: physical oceanography, marine biology, law, or education.