If I have a pair of wires delivering a given power, $P$, and I have the option of breaking the circuit in two places breaking the circuit in which place will minimize air sparking/arcing: the high voltage/low current place, or the low voltage/high current place? My own instinct is breaking the circuit on the low current side produces the least arcing, and thus damage/carbon scarring to electrical contacts because trying to break a circuit imposes a high $\frac{\operatorname{d}I}{\operatorname{d} t}$, causing arcing. Breaking a high voltage circuit, though, means it takes longer before the electric field between the conductors ($\vec{E} \sim \frac{\Delta V}{\Delta x}$) becomes small enough to be below the breakdown level.
What is the correct answer? Is there some optimal balance, or is one of the above factors always sub-dominant? Or does it depend on the circuit in question (e.g. the inductance of the circuit being broken)?