It is well-established that properly tuned elastic elements can make robotic actuators more energy-efficient, especially in cyclic tasks. Considering drive train topology, two important subcategories of elastic actuators are Series Elastic Actuation (SEA) or Parallel Elastic Actuation (PEA). There is still no definite answer to the fundamental question which topology consumes less energy in a given task. This paper approaches the problem by studying oscillatory motions of a single degree-offreedom link in a gravitational field. The imposed motion is a sinusoid with non-zero offset requiring a static torque that needs to be compensated by the actuation system. Simulations and experiments show that SEA consumes less energy up to certain offset angles. At high offsets, PEA becomes the more energyefficient alternative, provided that its no-load angle is properly tuned. Inverse dynamics simulations show how a threshold offset angle can be determined for a given task.