It makes no difference if the panels are combined at the pole or the inverter, its electrically the same. What can be a benefit is when running the strings separate, you can use larger wire for each run makings the losses lower than a single monster run.
For example, you should be using 6awg for each string of 4 panels ( a guess as I don't know the panels, amps, distance ) so thats 4 6awg wires for the two strings ( two positives , two negatives ) ... to keeps the same losses with a single run, you would need 3awg pair ...
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