Earthing systems usually end up bonded to other metal objects which are either burried in the ground or run between properties.I'm not quite sure what you have in mind in your (2).
When neutral and earth are combined these "other metal objects" provide parallel paths back to the supply and therefore end up carrying a proportion of the neutral current. Depending on the details of the "other metal objects" are this can be a bad thing.
Afaict this is the reason for minimum size requirements on main bonding conductors in TN-C-S supplied properties and why TN-C-S supplies are forbidden from supplying petrol stations.
