I think VOF model is better. In addition, you can use TPMM model for simulation of two-phase flow and evaporation process if you have a porous medium inside the pipe.
I would personally recommend Eulerien. Something with a mixture model that includes evaporation/condensation mass transfer. It will be less computationally expensive as it won't be interface tracking so it might not give the level of detail you are looking for. It works well enough for me with cavitation models though.