The only difference is the ability to untie the bowline at the anchor point without pulling all the line through the loop first, if you need to reset your anchor somewhere else.
It’s not a major thing, just minimizes hardware and motion.
For
@treeajnin , have you considered tying the tail of your climbing line to the carabiner in the spliced tail of your bowline and doing without a second line for your retrieval side during installation?
Btw, kudos for sending up a retrieval during installation, as I’m sure you’ve experienced how the line can twist or do other undesirable things on the way up. I preach that to trainees.
If you use the tail of your line, the system becomes a giant loop. When you get to the top and switch to ddrt, you now have the option to send your tail down any direction you want. This way you can set up a ponytail redirect from the start, potentially saving you a step later. Less rope, less movement.