"..#1. Option B with CB open before connecting the power meter for safety reason. #2. If you want to know if power is available, put an indicator lamp before the breaker".
1. The Power meter is permanently wired (not a hand-held instrument). Connection safety is irrelevant.
2. The existing circuit shows that there are fused incoming power indication lamps H1..H3, before the CB, which would indicate whether power is available.
3. Option-A has the advantage that it can read the LL, LN Voltages and Frequency of the incoming, with the CB open.
4. The existing circuit does not show any Voltage and Frequency meter. These meters are not required as it is wired per option-A, where V and Hz can be read from the Power meter, with the CB open.
Note: If the source is from site gen set, Voltage and Frequency readings are vital; before closing the CB, feeding to the load.
5. Conclusion: Option-A has a slight advantage over Option-B.
Che Kuan Yau (Singapore)