Originally Posted by Stabbey

Create All Four Characters only
Pros
[list][*]Makes all characters seem as important as the first one

Or all not important.
I remember when I played Legend of Grimrock or even Eye of the Beholder back in the days.
There was no "Me" so I didn't had any feeling for any of them. I felt more like "a being" controlling them.

I prefer the "create 1 character" way as a gamer.
Even in DOS, my companions were always the last to get gears and/or attentions. I was keeping them alive because I needed them and was not really interested by what they were saying.
For me, there is always that poor 4th guy who always gets the junks of the other.