You're going to get a lot of answers to this, so I'll just tell you what I use.
For the vag, I use Golden Palace from Meipe almost exclusively. Get all of the add-ons, all of the packs, and you'll have a versatile set of holes that you can adapt to a wide range of characters. For a female genital for G8M, Meipe also had you covered.
For the penis, I again default to Meipe, with Dicktator. In my opinion, it is the easiest to use, the easiest to shape, and with all of the packs available for it, it can be used on most characters.
There are of course others, and they certainly have their merits, but this is my go-to solution in almost every case. Look at Meipe's store, 3feetwolf, Sledgehammer, and don't discount the genital figures available from DAZ, they have their merits as well, but the downside is that you will pay through the nose for them, as they're only available if you buy a pro pack for a character, usually at around $70. For that money you could buy every genital in the store here.