Delphi example better be changed
from .Prepare; to .Prepared := True;
The original line comes from Delphi 1995 and the library underlying is long dead. http://docwiki.embarcadero.com/Libraries/Tokyo/en/Bde.DBTables.TQuery.Prepare https://en.wikipedia.org/wiki/Borland_Database_Engine
The root abstract class has neither .Prepare; method nor .Prepared property, so here is no preference.
http://docwiki.embarcadero.com/Libraries/Tokyo/en/Data.DB.TDataSet ( see also the list of only out-of-the-box descending libraries ).
However the libraries that followed the initial BDE wrapper has quite different approaches toward the method. For example http://docwiki.embarcadero.com/Libraries/Tokyo/en/Data.SqlExpr.TCustomSQLDataSet.PrepareStatement - the method has different name. Yet see: http://docwiki.embarcadero.com/Libraries/Tokyo/en/Data.DBXCommon.TDBXCommand.Prepare Those are classes of the same library by the way.
Some libraries seem to implement that method as a no-op stub for source-level compatibility. http://docwiki.embarcadero.com/Libraries/Tokyo/en/IBX.IBQuery.TIBQuery.Prepare
I even believe I remember I saw an arcane notice that a method only prepared the query for one time execution, not for repeated ones, though can not find it.
Conversely, libraries seem to made a de facto consensus about the property, that it has the same name, the same datatype, and that it works persistently. Example: http://docwiki.embarcadero.com/Libraries/Tokyo/en/Data.SqlExpr.TCustomSQLDataSet.Prepared
Again, it is kind of fuzzy and arcane, but the property way seems to apply more consistently with many more libraries than the current method way
BTW, just tested the very .PrepareStatement - while the method is public, thus implies generic usage, at least in Delphi XE2 it does not populate list of query fields and not only ubiquitous .FieldByName fails to work, but even mere .Open throws an exception...