O Metamagic ignora os componentes verbal e somático; o Feiticeiro não é obrigado a escolher
O fraseado "sem componentes somáticos ou verbais" é, na linguagem simples, interpretado como significando que ambos não são mais necessários.
Se o objetivo dessa metamagia forçar uma escolha de qual componente o Feiticeiro deveria ignorar, então deveria ter sido formulado de uma das seguintes maneiras:
Subtle Spell. When you cast a spell, you can spend 1 sorcery point to choose either one of the Verbal or Somatic Components. Whichever components you choose, you do not need to provide those components for this spell.
Stated as clearly as possible.
Subtle Spell. When you cast a spell, you can spend 1 sorcery point to cast it without either the somatic components, or the verbal components.
Keeping the general phrasing, but with the comma doing heavy lifting.
Subtle Spell. When you cast a spell, you can spend 1 sorcery point to cast it without the Verbal Components. Alternatively, you may instead cast the spell without the Somatic Components.
Calls more attention to the choice itself.
Silent Spell. When you cast a spell, you can spend 1 sorcery point to cast it without the Verbal Components
Still Spell. When you cast a spell, you can spend 1 sorcery point to cast it without the Somatic Components
Splits them into different metamagics; would make it harder to gain additional metamagics though.