I hate to say it, but too many home projects with too little leisure time, along with the # 1 stream dilemma, are some of the major reasons that a lot of folks give up on fly fishing. Just something to think about. (I think about it....)
Anyway, I'd also pick # 2.
On a side note, maybe explore # 1 to see if there is any water that is reasonably accessible that might be overlooked by the big crowds for one reason or another. Maybe outside the "trophy" area. Sometimes the fish are smaller, but still possibly better fishing than average, with the occasional big fish perhaps?