You can check out Twitter's official FAQ post on this here: http://apiwiki.twitter.com/FAQ#HowdoIget“fromMyApp”appendedtoupdatessentfrommyAPIapplication
When you use OAuth Twitter automatically adds the source parameter for you using the information from the application registration form.
If I understand you correctly your application will not be interacting with Twitter on behalf of your users but will be acting as the Twitter account for your application.
In this case there are 2 main factors to consider.
1) Do you want "from API" attached to each status as will be if you use basic auth or your applications name will happen if you use OAuth. 2) Do you want to put in the extra effort to implement OAuth.
If you decide to go with OAuth you would store your apps consumer key/secret and the accounts access token in configuration just like you would store the accounts screenname/password.



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