This could be a very vague question (if so, please forgive me), but I was just curious as to which would be harder to work with on a timeline (playback/preview) using AVCHD:
Yep, the difference in data rate is nearly inconsequential. Heck, plain scummy ol' DV is 25mbps and ancient 700MHz P3 computers could handle that with no problem.
The issue is that after the frames are decoded, 1920x1080 has 2.25 times as many pixels to manipulate as 1280x720. That's where the hard processor work comes into play.