Basically I have a series of logic in my website that can lead to 5 total outcomes. Basically two different if tests and then a catch all else statement.

For example:

if cond1:
    if mod1:
        #do things
    elif mod2:
        #do things
elif cond2:
    if mod1:
        #do things
    elif mod2
        #do things
else:
    #do things

I was thinking about rewriting it like this:

if cond1 and mod1:
    #do things
elif cond1 and mod2:
    #do things
elif cond2 and mod1:
    #do things
elif cond2 and mod2:
    #do things
else:
    #do things

Is there any real difference in these two coding options/a better choice for this kind of logic testing?