h-entry as photo vs h-entry as note with photo

h-as-note.html

<article class="h-entry">
  <figure class="e-content p-name">
    <img src="/path/to/image" alt="Description of Image" class="u-photo">
    <figcaption class="p-summary">Description of Image</figcaption>
  </figure>
  <p>Published by <a class="p-author h-card" href="https://domain.ext">Photographer</a>
    on <time class="dt-published" datetime="2014-07-14 12:00:00">July 14<sup>th</sup>, 2014</time></p>
</article>

h-as-photo.html

<figure class="h-entry">
  <img src="/path/to/image" alt="Description of Image" class="e-content u-photo">
  <figcaption class="p-name p-summary">Description of Image</figcaption>
  <p>Published by <a class="p-author h-card" href="https://domain.ext">Photographer</a>
    on <time class="dt-published" datetime="2014-07-14 12:00:00">July 14<sup>th</sup>, 2014</time></p>
</figure>

Nice distinction!

Minor nitpick: I don't think the second example is valid HTML5. The spec says that <figcaption> may only be the FIRST or the LAST child in a <figure> element.
http://www.w3.org/TR/html5/grouping-content.html#the-figcaption-element