As I understand it, the two process style comes from the days when people (and tools) required separate processes for sequential logic and registers. And its a style thats never gone away. For beginners (and others) it is prone to latches.
Using a single clocked process removes these problems, and tools have no problems understanding them. I have no doubts you will get the same results with both (or if anything, you will get minor usage differences).
For me, a single process is more readible (and its all about readbility - not minor quibbles over 1 or 2 luts).