If a breaker trips on the three circuit arrangement only the one light goes out. You can use thinner cable on the 3 circuit arrangement.
The single circuit arrangement may use less cable if the lights are on a long run and would save having three runs of cable. This is simpler to wire. You also only need one breaker space!
The single circuit arrangement may use less cable if the lights are on a long run and would save having three runs of cable. This is simpler to wire. You also only need one breaker space!