If you have to choose which option do you implement, which one would you pick and why?.  Please provide the main reasons.  SQL 2008.

Thanks in advance.

--#1
ALTER INDEX ON Table1 REBUILD;
UPDATE STATISTICS Table1 WITH ALL; 

--FULLSCAN: option is used to specify all the rows in a table should be retrived to generate the key distribution statistics.

--#2
ALTER INDEX ON Table1 REBUILD;
UPDATE STATISTICS Table1 WITH FULLSCAN; 


-------------------------------------------------------------------

   -- Return when statistics were last updated?.
   SELECT CAST(OBJECT_NAME(object_id) AS VARCHAR(40)) AS 'TableName'
         ,CAST(name AS VARCHAR(40)) AS 'IndexName'
         ,STATS_DATE(object_id, stats_id) AS 'LastUpdateStatistics'
     FROM sys.stats
    WHERE ( object_id > 100 ) --Exclude systems.
      AND (name NOT LIKE '_WA%')
 ORDER BY 'LastUpdateStatistics' DESC, 'TableName' ASC;
 GO