Many adaptations of the Lifting-Line Theory have been developed since its conception to aid in preliminary aerodynamic wing design, but they typically fall into two main formulations, named α- and Γ-formulation, which differ in terms of the control points chordwise lcation and the variable updated during the iterative scheme. This paper assess the advantages and drawbacks of both formulations through the implementation of the respective methods and assessment through standard Verification & Validation procedures. Verification showed that the Γ-method poorly converges for wings with nonstraight quarter-chord lines, while the α-method presents adequate convergence rates and uncertainties for all geometries; it also showed that the Γ-method ag...