I'd agree with the lexical idea, even though AutoLisp doesn't use lexical. Though both the OP's methods are still strictly lexical too. That's due to nesting. Even in lexical scope the 2nd sample is possible. a "true" dynamic scope would mean you can write something like this:
;... some code ...
;... some other code ...
)
;... some code ...
(_Sub)
;... some more code ...
)
(defun _intermediate
(/ c
) ;... some code ...
(_Sub)
;... some more code ...
;... some other code ...
)
;... some code ...
(_intermediate)
;... some more code ...
)
So you see with dynamic scope it's even possible to affect a defun's local variable without nesting being necessary. All that's needed is that the local variable forms part of one of the defuns which called the _Sub defun (even indirectly) - i.e. that variable had to be defined somewhere. Else it would assign the value to a global a variable - if it doesn't exist, it would create one.
So you "can", but "should" you? Is actually the question. And that in most cases is a definite NO! Try to avoid it at all costs, since using this method might break something if you're not totally sure that the variables are the exact same names in any scenario. I'd say use the dynamic scope only if you're absolutely sure it can't be done the lexical way, and then make sure you document it extensively so someone else (or even yourself a year later) using your code isn't surprised when their variables get new values they didn't expect.