it quicker on dry land but the end result is the same.
I would do it in the tank because every thing that fits together and looks good on dry land doesnt always stack the same under water.
I used a peg system and got
acrylic rods and a drill. then I slowly drilled holes in my rock and inserted a peg in it. This is very time consuming but u have no problem taking your rocks out. Which I did alot during my early stages of reefing. I scrubbed algae off my rocks many times. not to mention burning aptasia with a butane torch

.
But its your choice It is semi permanant
Man thats great aquascaping HOP