However, the use of SCOPE_IDENTITY() requires an addition SQL statement execution. While this may not seem like a lot of time, it can add up if you are doing a few million insertions.
To me, the use of the OUTPUT clause seems much simpler than setting up and executing an additional SQL statement. It also precludes any confusion over exactly which Identity retrieval method to use.
However, that's just me and you are certainly entitled to use whichever approach suits you best (and works best for ou).