Both have their advantages and dissadvantages , have found over the years if you have sinker to the swivel with a meter or so leader then you do get ample line twisting up!!. Found overall sinker to the hook has less dissadvantages and less snags ..
Just my personal experience is all , especially Fishing for anything from Coral Trout , Lipper , Bream etc .
Otherwise Paternoster is the go for me ..