For what it's worth:
In general, I like to keep any debugging/test versions of software as close as possible to the "real" versions, so I'd go with the first option. Not that it's a huge difference at this stage, though, but it might be later as CoderMan pointed out.
And if you want to minimize typing, you can always create a wrapper script that does the build, installation & sets up LD_LIBRARY_PATH for you - especially useful if you've got lots of dependencies, or if you put lots of configure options in and you want to make sure your library at least builds & runs some test programs correctly with various combinations of them.
So, like CoderMan said - not much difference now, but maybe there will be in the future
P.S. Don't forget that build systems need debugging, too - it's nice to know that everything gets installed in its right place as early as possible, so you don't have to cope with it when you've got a large project and lots of errors related to the install!