301 Redirection htaccess vs DNS

bouquet

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I am currently moving to a new platform and want to redirect some of my unused domain names as a few are like 10 years old!

Perviously I would create a hosting accoung and edit the htaccess file to redirect to the required domain (code below if any reading this is actually looking for that)

Code:
Options +FollowSymLinks
RewriteEngine on
RewriteRule (.*) http://{gotodomainname}/ [R=301,L]

But I have just been informed that I can do this via my registar control panel via cname records but is that actually the same as a 301 redirect or something else again? Will using the cname method actually give you the same benifits of a 301 redirect (page rank etc.) from the old domain?

I would much rather use the cname method as i don't have to mess about creating yet another account and have my control panels full of simple redirection domains which i never use and always forget the login details when i need them!
 
IMO the only way to receive benefits of 301 - is to make 301.
 
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