As you know I have interest in this for some time. I could live with the look of option one as it is better than the low fender that I hate. However, I must say that though it is a bit more work in sculpting the piece, the longer front extension is where I would place my vote.
2010 BWM F800GS
2007 Yamaha WR450
If you are not moving forward, you are falling behind...
"Harley Davidson - There is not more efficient method of converting fossil fuel to heat and noise without the by-product of power", Unknown