ie:

CREATE FUNCTION MyNS.GetUnshippedOrders()
RETURNS TABLE
AS 
RETURN SELECT a.SaleId, a.CustomerID, b.Qty
    FROM Sales.Sales a INNER JOIN Sales.SaleDetail b
        ON a.SaleId = b.SaleId
        INNER JOIN Production.Product c ON b.ProductID = c.ProductID
    WHERE a.ShipDate IS NULL
GO

versus:

CREATE FUNCTION MyNS.GetLastShipped(@CustomerID INT)
RETURNS @CustomerOrder TABLE
(SaleOrderID    INT         NOT NULL,
CustomerID      INT         NOT NULL,
OrderDate       DATETIME    NOT NULL,
OrderQty        INT         NOT NULL)
AS
BEGIN
    DECLARE @MaxDate DATETIME

    SELECT @MaxDate = MAX(OrderDate)
    FROM Sales.SalesOrderHeader
    WHERE CustomerID = @CustomerID

    INSERT @CustomerOrder
    SELECT a.SalesOrderID, a.CustomerID, a.OrderDate, b.OrderQty
    FROM Sales.SalesOrderHeader a INNER JOIN Sales.SalesOrderHeader b
        ON a.SalesOrderID = b.SalesOrderID
        INNER JOIN Production.Product c ON b.ProductID = c.ProductID
    WHERE a.OrderDate = @MaxDate
        AND a.CustomerID = @CustomerID
    RETURN
END
GO

Is there an advantage to using one over the other? Is there certain scenarios when one is better than the other or are the differences purely syntactical? I realise the 2 example queries are doing different things but is there a reason I would write them in that way?

Reading about them and the advantages/differences haven't really been explained.

Thanks