Option 2.

You know my set up pete - MC303 playing the drums on my Akai sampler and 2 synths (hardly use it's own sounds at all) with Korg ES-1 and EA-1 sync'ed to it and 4 or 8 bar patterns on each that I can mix between.

I used to sequence whole tracks on the 303 and the korgs and just twiddle knobs and drop samples and it was a) less fun, and b) I was actually more prone to cockups 'cos I lost concentration from doing less.

The advantage of how I do it now is that If I do cock up and miss something I can just carry on for another 8 or 16 bars and do it again. Before If I missed a cue it could throw the whole track out.