Calculus of Variations: The Gateaux vs First Variation Debate

rdt2
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Older textbooks on the Calculus of Variations seem to define the first variation of a functional \Pi as:

\delta \Pi = \Pi(f + \delta f) - \Pi (f)

which looks analogous to:

\delta f = \frac {df} {dx} \delta x = lim_{\delta x \rightarrow 0} (f(x+ \delta x) -f(x))

from differential calculus. However, newer books seem to define the first variation as the Gateaux derivative:

\left[ \frac {d} {d \epsilon} \Pi (f+ \epsilon h) \right]_{\epsilon = 0 }

which looks more like the gradient \frac {df} {dx} than the difference \delta x. Which is the better 'basic' definition?
 
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The first definition is similar to the discrete \Delta operator in real analysis. The 2nd def. is similar to the continuous d operator.
 
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