Hi Jeremy,
Thank you for posting your query on Microsoft Q&A!
The settings you shared both do the same thing, if you toggle this setting in one location it will also change in the other (takes 1-2 mins to reflect in the portal)
Do let me know if you have any further queries and I would be happy to help.
Please "Accept the answer" if the information helped you. This will help us and others in the community as well.