No, the two are not equivalent.
3
/ \
2 7
/ / \
1 5 8
/ \ \
4 6 9
is a tree satisfying property 2, but not property 1.
Property 1 implies property 2, however.
Proposition: In a binary tree that is balanced according to property 1 with n inner nodes, all leaves are at a depth of
k if n = 2^k - 1
k or k+1 if 2^k <= n < 2^(k+1)-1, and there are leaves at depth k+1.
Proof: (By induction on the number of inner nodes)
For n = 1 = 2^1-1, there are one or two leaves at depth 1 (root is at depth 0).
For n = 2, one subtree has one inner node, all leaves in that subtree are at depth 2, the other subtree is empty or a leaf at depth 1.
Let n >= 2 and consider a binary tree that is balanced according to property 1 with n+1 inner nodes.
If n is even, n = 2*m, both subtrees must have m inner nodes, and the depth property holds by the induction hypothesis.
If n = 2*m+1 is odd, one subtree has m inner nodes, the other m+1.
If 2^k <= m < 2^(k+1)-1, the subtree with m inner nodes has leaves at depth k+1, and possibly leaves at depth k by the induction hypothesis. The tree with m+1 inner nodes also has leaves at depth k+1 and possibly (if m+1 < 2^(k+1)-1) at depth k.
If m = 2^k - 1, the subtree with m inner nodes has leaves only at depth k, and the subtree with m+1 inner nodes has leaves at depth k+1 and possibly at depth k.
Property 1 => Property 2. - Daniel Fischer