Generally speaking you're trading the 90 guaranteed IOPS per VMDK for 180 maximum IOPS, but shared among 2 VMDKs.
This tends to be a quite theoretical and sometimes nearly philosophic question, whether to trade off this for that.
If you think about it further, it's quite similar to placing vCPUs and VMs on ESX hosts - is it better to share some faster CPUs (=more expensive systems) or give everything a dedicated baseline CPU (=more Hardware) ?
If i stick my neck out, i would say that the difference between the already mentioned constructs is only marginally visible and you might probably be very happy with a flat 6-Spindle R5 datastore as well.
But the specific difference between 2 R1s and a R10 with 2 LUNs or even a R10 with 1 LUN but 2 VMDKs is hardly worth thinking about.
Like i already said:
If speed and performance is an issue (MSSQL IOPS requirements) then you're already wrong with the SATAs and should rather consider investigating in a more performant array than trying to squeeze out the last bits out of your SATAs.
Don't get me wrong, surely SATA can do miracles in small environment, but especially if i notice a 50GB MSSQL DB to P2V i'd first gather some perfmon data and plan my storage accordingly even more than i'd normally do in SMB environments.
You won't get a PRIUS to take the load of a SUV, no matter how long and diligent you plan to distribute the load.