In "Algorithms" [Dasgupta, Papamdimitriou, Vazirani] they state that the memoization (e.g. querying a hash table) can have significant overhead leading to a large constant factor in the big O analysis. On the other hand, the bottom up approach using a table solves all the possible subproblems including ones that are not needed and ones that the recursive approach would avoid. So from a big O perspective the recursive top-down and the table bottom-up approaches are the same but there can be significant constant factor differences.