There is no simple answer that fits all occasions. Which is better depends on preference, to be sure ... but the question is why would someone prefer one method over the other. Several factors come into play.
First off, the type of suit. Trilaminate ("bag") suits tend to be less easy to manage than neoprene if you're using the suit for buoyancy, because they have extra fabric around the joints (to allow movement) and therefore can trap air in those places. Same goes for front-entry suit, as opposed to rear entry ... the former has to come over your head for donning, and to accommodate that there's usually a "fold" in the waist ... or extra material that allows the torso to extend for donning. How your suit is built determines where air will migrate and how easy it will be to manage it.
Then there's the matter of the bubble ... in a drysuit it travels the length of the suit. Air always wants to travel to the highest part of the suit, and as you move that is constantly changing. This is called "dynamic instability", and if you Google that term you'll find a nice article that explains what it means. For the newer diver, managing this travelling bubble requires effort. For the more experienced diver, much less so ... therefore the importance of this factor decreases with experience.
As several have already mentioned, a drysuit dump valve release air more slowly than a BCD dump valve. This can matter for more than just "inverted" divers ... it means that as you ascend, you need to stay on top of your buoyancy control. If there's a lot of air in your suit and you don't release it in a timely manner, you can reach a point where expansion is occurring at a faster rate than your dump valve is capable of equalizing it ... at that point you're going to the surface no matter what you do. Again, for the more experienced diver this isn't an issue.
This can also get back to the issue of suit type. People who use a full neoprene suit will find that their suit acts like a wetsuit in that it will compress and become less buoyant as you descend ... requiring more air be added to compensate for the suit compression. Conversely it will become more buoyant as you ascend ... requiring you to release even more air as the tiny bubbles in the neoprene material expand.
You dive on Vancouver Island, which is very cold water. That means you use a thick undergarment. Undergarments need loft to be effective ... and the more undergarment you wear the more air you need to put in the suit to create that loft. People diving thicker undergarments need more air in their suit ... and more weight to compensate for it ... than people diving in warmer climes and using a thinner undergarment.
And finally, there's mobility ... the amount of air in your suit affects it. Too little air creates suit squeeze, and can inhibit your movements. Too much air can create instability that makes it difficult to change your orientation (e.g. "head up" to look at something, or "feet up" to peek under a rock or take a picture). Photographers tend to use as little air in their suit as possible, because it makes changing their orientation easier. A friend of mine likes to go completely inverted sometimes to get the best angle for his shot. That's much easier to do with very little air in your suit than it is with a big bubble in there (since ALL the air is going to end up in your boots).
So the bottom line is that what works best for you will depend on the suit type, the thickness of the undergarment, your ability to anticipate buoyancy changes, and your diving style. Those variables will be different from diver to diver ...
... Bob (Grateful Diver)