Escape velocity is essentially the velocity an object must start out with to move towards an asymptotically infinite distance from the gravity well without additional thrust. That last bit is what makes it escape velocity. The gravity well will slow the object to near zero velocity but the object's distance will eventually overcome the gravity before it reaches zero or negative velocity.
Your example of moving at a constant speed of 1 m/s is only achievable with constant thrust to cancel gravity, thereby stopping the object from slowing during its ascent. If the object has achieved its escape velocity, no additional thrust is needed. One is not better than the other, it's just a matter of what is more practical in terms of fuel or travel time.