It does not technically act as a just a hub, When you have 3 units the 2 remote units also form a connection directly between each other. There is some overhead wasted in doing this even if you never transfer data between the 2 end devices.
In option 2 you are looking at it incorrectly. Yes they must share a physical port on the router but the router port is likely 1gbit which is much faster than any powerline connection. So if you connect 2 powerline units to the router you could say you get 2gbit BUT the actual connection must share the wires inside your house. The connection appear as if each pc has a connection to the router but now you the 2 pair of powerline networks devices sending data over the top of each interfering...