I like carbonating in the keg with an adjustable pressure relief valve. I let it ferment for a few days in a bucket, then rack to a keg and fit the adjustable relief set to 25psi (which is around 2.5 volumes at 65F). I usually do 10 gallons at at time, so I hook them together and do both at once.

when it is all done, I chill, decant a half pint or so of sludge, and transfer to a clean keg. Almost all the sludge was left in the bucket, and there is no new sugar being added, so sediment is pretty minimal.
I've always bought the "CO2 is CO2" argument, but now i'm not so sure. there is something different about the carbonation in a highly carbonated bottle conditioned beer than when I carbonate to the same level in a keg. The keg seems to want to give up the CO2 quickly while the bottle conditioned ones seem to release more slowly over the course of the pint.