You ask "What's the performance difference between this two differential amplifier?" but I think what you really meant to ask was "What's the performance difference between these two current sources?".
The first circuit performs better because it amplifies the sensed voltage directly. Though, the OP07 may not be the best choice. They make specialized ICs to sense the current in the positive rail: https://www.digikey.se/short/8ftfz4n0. For example, the AD8212YRMZ