Lets say I have a scroll down menu with ten options. That menu comes down when a user hovers over a link. Problem is...When the menu comes down, it covers a bit of the text beneath it on the page...Would it be better to have some of that text covered? Or should I have the link redirect to a different page with the options displayed there?
I always find these Scroll Down Menus very annoying :( Some of the users has a personal habit of pointing with the mouse cursor while they are reading an article (I'm one of them), the big problem of these Scroll Down Menus is that they pop-up all off a sudden covering the article from you if you hover over them, even if the user don't want to click on the link. That is why I don't like them at all.
Your second option is better, to have the link re-direct to a different page with available options when clicked, or to show up the Scroll Down Menu only if the user clicked on the link. Because you can not assume that the user always want to click on the link.