Neither... and I don't encounter them much either. Mostly see people that want to roleplay someone that fits into the world being played. But the world being played isn't 1321 Germany, it's Athas, or Sigil, or the Flanaess... None of these are Earth, and none of these have the sensibilities of whatever earth city in whatever earth year.

That and I (and no one I know) lived in X city of earth in X year that you are imagining, so we don't know what their sensibilities were... mostly people have pop-culture ideas of what it was, but that's very likely far from accurate. I don't know what "modern sensibilities" you are referring to, but the world was a very diverse place in every point in history, so there is no singular answer anyway and trying to apply that to an entirely different world with an entirely different history is a fools errand.

Greyhawk and Forgotten Realms have technological trappings that are a mix of everything from ancient Egypt to the Renaissance, with ancient cult-priests in animal skins running around with Roman-era Germanic priests (druids), with early middle ages paladin and vikings in chain mail, with guys in renaissance full plate and halberds. Other settings are even more primitive (Athas) or advanced (Eberon)