Well, considering it's a miter saw you surely can't cut miters/angles with number 3. For straight cuts it may work ok with that clamp system, but might not with a different type holding system more like a vice found on some metal cutting miter saws and most bandsaws... number 2 will not have the vertical portion of the angle supported and may flex inward with the blade rotation direction. Option 1 is the most secure and if you need a opposite direction angle cut, swing the miter saw angle, don't simply flip the piece oround like number 2... even though we've all done it.