If you want to most AP, rebirth before Aging period. That way you get 5 AP instead of 1 AP at age-up. (Unless you are one of those people who wait for many more weeks than 3 weeks)
I rebirth at around level 30-35 (somewhere there) in my first rebirth because leveling at the "first" life was simply too slow. I rebirth every 3 weeks, and at every rebirth, I get to a higher level much easier.
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