Meta-Crafting. Cause Meta Crafting has Omnifabrication but meta Crafting isn't in Omnifabrication. Plus you can make any out anything you can even create things from imagination from imagination.

The first,Because you can create anything, even things that can't be created normally, literally Phineas and Ferb created an almost omniscient machine, and considered it just for play and didn't take it seriously.

Perfectly balanced, as all things should be.

Damnit, someone pick the left option!

Both seem about equal, with Omnifabrication leaning more towards tech, and meta crafting leaning more towards magic.