Gets my vote.As most ebikes are illegal anyway, it makes little difference. The main point is not to make it too obvious: A 250w label helps; always pedal; make sure your bike looks like a bike; hide it behind a large disc brake and one of those plastic shrouds that goes behind your cassette/free-wheel; try not to annoy anybody except the lycra brigade as you cruise past them up hills; don't go too fast.
Many production ebikes, approved to the supposed 250W EU limit, run at far higher power levels, because one of the acceptable test methods allows this.
As long as DIY ebikes keep a relatively low profile and we don't all start riding around as if we're on high powered mopeds I doubt anyone will be concerned. If that changes, and we get people riding at 20 to 30 mph plus without pedalling, on ebikes that look like renegades from Scrapheap Challenge, then it wouldn't surprise me if the government decided to clamp down on everyone of us.