Caveat Reador: I'm the author of the complicated setup. [

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The main difference is pressure vs pressure+vacuum. Doing both is necessarily more complicated.
Vacuuming a pressure-only gauge is bad and can damage the gauge. Pressurizing a vacuum-only gauge is bad. To do both you need to have valves to separate the gauges. Also, since the quick connects don't work for vacuum you have to have the vacuum connection be thread on so to make only a single connection for both pressure and vacuum you would have to screw it on each time you want to use it. I'm lazy so would rather not do the extra work once to build the system and not do the extra work each time I want to use the system.
And you COULD simplify the first setup dramatically by removing the pressure regulator and associated gauge and use just the one pressure/vacuum gauge and just be REALLY careful to not over pressurize the pot since it can blow to kingdom come. I didn't feel like pushing that luck since murphy lives on my shoulder so I left the regulator and set it to 60 psi so even if my air compressor is set to 120 I'm safe.
Having all the stuff on the lid is not the best solution, granted. But I personally have very little space since I'm using 1/2 of my garage for my shop and that only when I pull my car out. Therefore anything that requires being left setup someplace is a bad thing. With the setup shown I can toss the whole thing in a cabinet someplace when I'm not using it.
Doberman, you asked about how a manifold would work: think of one copper pipe with three connections: one to the base of my pressure setup; one to the base of my vacuum setup; the last a flexible hose to the tank itself. Now close all entries/exits to the tank except the one that this hose connects too. Now if something gets bumped you are less likely to break it. But you have one more thing to store. And several more connections that may leak. What is right for one individual is completely up to that individual.
GK
Happy to help if anyone has any questions!!