So, depending on what ad lib or embellishments you might do, one or the other fingering would be better. If you are alternating G & G7 for example, the pinky method would be easiest to use.
Also, consider what chord you might be moving from to the G or going to after the G. If it`s a fast chord change, it can be handy to already have your fingers ready on one side of the chord or another.
So it is situational as to which is best. I only play the pinky-on-the-E form if it is required for one reason or anther. Although I have known people that routinely play that way.
...so ever since then, I always hang on to the buckle.