I tested using "fetch all" versus "while / fetch array" and :
fetch-all uses less memory (but not for so much).
In my case (test1 and test2): 147008,262848 bytes (fetch-all) versus 147112,262888 bytes (fetch-array & while.
So, about the memory, in both cases are the same.
However, about the performance
My test takes :350ms (worst case) using fetch-all, while it takes 464ms (worst case) using fetch-array, or about 35% worst using fetch array and a while cycle.
So, using fetch-all, for a normal code that returns a moderate amount of information is :
a) cleaner (a single line of code)
b) uses less memory (about 0.01% less)
php 5.6 32bits, windows 8.1 64bits