Which is the most efficient way to run a particular select query?

If I run the following code:

select PolicyNumber, MAX(decpageid) as decpageid, Risk  
from StatRiskDecpages 
where PolicyNumber = 'AR-0000301132-04'
group by PolicyNumber, Risk

I get the following results:

PolicyNumber    decpageid   Risk
AR-0000301132-04    41        1
AR-0000301132-04    41        2
AR-0000301132-04    37        3

All I really want to retrieve though is the policynumber and the maximum decpageid (which in this case would be 41) along with the Risk numbers (Which should be 1 and 2)

The query is also returning decpageid 37 even though it is not the maximum decpageid for the policynumber because it has a different risk.

The results I would like returned are:

PolicyNumber    DecpageID   Risk
AR-0000301132-04    41       1
AR-0000301132-04    41       2

I have figured out 2 different queries I can use to return my desired results but I don't think they are the most efficient. The queries I came up with are:

select PolicyNumber,  MAX(decpageid) as decpageid, Risk 
from StatRiskDecpages 
where 
       PolicyNumber = 'AR-0000301132-04' 
   and decpageid = (
      select MAX(decpageid) 
      from StatRiskDecpages 
      where PolicyNumber = 'AR-0000301132-04' 
   )
;

This returns the desired results but I don't want to have to specify the policy number more then once in the query. Is there a way to call the policynumber into the sub query from the outer query?

The other query I came up with was:

select  t1.PolicyNumber,t2.DecpageID, t2.Risk
from (
   select PolicyNumber, MAX(decpageid) as decpageid 
   from StatRiskDecpages 
   where PolicyNumber = 'AR-0000301132-04'
   group by PolicyNumber
) as t1 
   left join StatRiskDecpages as t2 
      on  t1.PolicyNumber = t2.PolicyNumber 
      and t1.decpageid = t2.DecpageID
;

I like this query because I only have to specify the policynumber 1 time and I can also expand the query so I can return the info for multiple policynumbers.

What I need to know is

I'd probably use

SELECT TOP (1) WITH TIES PolicyNumber, 
                         decpageid, 
                         Risk 
FROM   StatRiskDecpages 
WHERE  PolicyNumber = 'AR-0000301132-04' 
ORDER  BY decpageid DESC

Assuming the covering index on (PolicyNumber, decpageid) INCLUDE(Risk) this will give you a plan like

StackExchange Database Administrators Q#14989, answer score: 8