Serialize(TextWriter, Object) vs Serialize(XmlWriter, Object)

The XmlSerializer.Serialize Method has overloads that accept TextWriter and XmlWriter.

My question is what are the practical differences between these two overloads in the follow examples? (list is a List<MyObjectModel>)

Example 1 (with TextWriter):

XmlSerializer serializer = new XmlSerializer(typeof(MyObjectModel));

using (TextWriter writer = new StreamWriter(savePath))
{
    serializer.Serialize(writer, list);
}

Example 2 (with XmlWriter):

XmlSerializer serializer = new XmlSerializer(typeof(MyObjectModel));

using (XmlWriter writer = XmlWriter.Create(savePath))
{
    serializer.Serialize(writer, list);
}

So far I've noticed that:

1) TextWriter seems to automatically perform indenting for you.

2) The default encoding for both is UTF-8.