I think a problematic situation arises when one of the scalars, namely

is zero.
You can derive one expression from the other by some manipulation:


but the two scalars here are real numbers hence the alternative expression(i.e: just let

and

. However if it is required that m=0, then the above argument fails and the failure can be demonstrated by this example:
if

then a solution to the first equation is

Hence the set of vectors is linearly dependent since not all the scalars are zero. However the second equation gives:


which has no solutions for

and

hence you may wrongly conclude that the set is linearly independant. The reason why this does not work is because you implicitly divided by 0. However if you did find a solution to the second equation then there would be a solution to the first hence this method is better when wanting to prove linear dependance, but not very good at proving linear independance since you would have to take every labeling of vectors into acount (i.e if you relabel the same set of vectors

then you find that there is a solution (

)
my tip: go with the first for proving that it's linearly independant, but if wanting to prove linear dependance and you see a more obvious solution (which is ussually the case) then go for it.