Most Simultaneous localisation and mapping (SLAM) systems have traditionally assumed a static world, which does not align with real-world scenarios. To enable robots to safely navigate and plan in dynamic environments, it is essential to employ representations capable of handling moving objects. Dynamic SLAM is an emerging field in SLAM research as it improves the overall system accuracy while providing additional estimation of object motions. State-of-the-art literature informs two main formulations for Dynamic SLAM, representing dynamic object points in either the world or object coordinate frame. While expressing object points in a local reference frame may seem intuitive, it may not necessarily lead to the most accurate and robust solutions. This paper conducts and presents a thorough analysis of various Dynamic SLAM formulations, identifying the best approach to address the problem. To this end, we introduce a front-end agnostic framework using GTSAM that can be used to evaluate various Dynamic SLAM formulations.