the net result would be virtually no difference in driveline wear between either technique. I go big miles with keeping the chain on my bikes and BTW my rear cassettes stay very clean and front chain rings stay relatively clean as well.
But the bike looks pretty when it's all cleaned up. I'm anal as hell about my bike and clean it thoroughly about once a week.
I did my 40 mile ride this morning and rode up Torrey Pines. It was a beautiful morning and I feel great this afternoon! I'm enjoying a albacore tuna sandwich on marbled rye toast with sharp cheddar and a glass of water for lunch. Life is good!