OK Here is my 2 cents worth on this.....
Having a dropped edge on a knife will give ease of sharpening over the full length of the edge (no bumping the plunge lines)along with a wider blade so more sharpenings before wearing out the blade....You can get a wider blade from a narrower bar of steel when forging....You get a finger groove to choke up on a blade...You can make a regular sized handle flow with a wider blade....You get a flat tang for ease of guard fit up....
Without a dropped edge you get a blade with what seems like more steel in front of the guard (but both styles starting with the same width steel will have the same thickness and size of riccasso)...Both styles have thicker tangs than knives with edges all the way to the guard....This style is harder to forge properly,but not impossiable....
The only down fall of the dropped edge over the straight riccasso to me is if you are penetrating something,the dropped edge can hang when extracting the blade and the straight riccasso wont.
On a properly differentially heat treated blade this area shouldnt be a strength factor as the blade should flex the entire length of the blade and any cracking or breaking will happen in the center of the blade at the main point of the arc or at the edge of the vise you have the blade clamped in...
Look back in history you see both styles produced and used well....To me a argument of which is better is almost as varied as the argument of forged over stock removal....A knife is a knife and if it cuts and does it's intended job a riccasso or no riccasso shouldnt be a issue...Just make what you think is the best knife in your opinion and then be prepared to defend why when asked

....Me personally,I like both styles so I make them along with ones that sharpen all the way to the guard.....Remember there are no rules set in stone as to what a knife looks like or how it should perform (other than it must cut) And untill there is a set rule in stone I will make what I like or my customer likes,If this rule ever happens we will all make the same exact knife and most of us will just quit as that would not be any fun....
So Just have fun and go make a knife you like
Bruce