Option 2 all the way! if you can afford the money or get a loan. 3 years ago I went for option 1 (had no money, no option of getting a loan being from abroad). Now I'm still stuck with PhD, supervisor not interested in publications or good quality lab work, just wants a few data to complete funding proposals, and then very difficult for me into a coherent piece of work. Does not care, if I encounter a problem I get the answer: "do not pursue it, leave it out" I get the impression that supervisor does not care about me finishing/viva, quality of PhD. My experience is that many young supervisors, with no research group of their own, just want to get promoted and the fast track for that is getting funding! They'll suck up your ideas, your work will be directed towards finding new ideas (sources of funding) and not to do systematic rigorous lab work.How many times I heard about my supervisor's newest idea (just a repeat of what I suggested -and was laughed at- a month before). Good luck!