The difference between Recording a Script and directly coding

Hello everyone, I am slowly building up my test cases with TestComplete. I realise that I am intuitively using an approach like that: 

1- Using Object Spy and locating Web Elements
2- Passing them into my code to interact, click(), setText() etc

But when I record a script TestComplete using a complete different approach like declaring variables for the WebElements in the code and then using them for interactions 

I'm curios what are the pros and cons of my approach? If I continue like that is it OK or it may cause some possible future problems for me? 

I will quote for the same code from same actions:

My code:

  //click Region dropdown
  NameMapping.Sys.browser.pagaPersonCreate.dropdownRegion.Click();
  
  //choose a value from the dropdown for example:Tbilisi
  NameMapping.Sys.browser.pagePersonCreate.regionTbilisi.Click();

Record Script Code:

 Browsers.Item(btChrome).Navigate("https://**********");
  let browser = Aliases.browser;
  browser.BrowserWindow.Maximize();
  let page = browser.pagePersonCreate;
  let form = page.sectionAddress.formRegion;
  form.label.Click();
  page.regionTbilisi.Click();
  form.label2.Click();
  page.textnodeDidgori.textnodeDidgori2.Click();

 Of course code is more than that but I just quoted that part I believe it is enough to  explain my question. 

Thanks everyone in advance.