What's better practice? Multiple IMPORTRANGE formulas OR a single IMPORTRANGE + multiple local VLOOKUP formulas?

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What\'s better?

Method #1 - https://docs.google.com/spreadsheets/d/1JaWUWS3xKOwSX9y7uWUqEU5_Knp8nRgnhlVa1kRNlTo/edit?usp=sharing