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I guess its a question of personal preference and suitability as both dhcp reservations and static work well.
I use both on my LAN and WAN in different scenarios.
Once you decide on your subnet, eg. mine is non-default, you could assign required devices like NAS or servers with static, and if you get a new router, just adjust the scope to match your local subnet. Bit less fiddly than reservations. again, its upto ones preference.
For Al's application, both would work, if he can get the NAS's mac either via the routers arp table or current leases, he could add a reservation, else configure the nas. whichever's more convenient for him.
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