I favour #1 because I feel it has greater visual impact.
The shoreline along the LHS leads your eye right into the pic, and I don't mind the slightly compressed look of the treeline at the back.
I feel this shot is better balanced than #2, which IMHO suffers because of the truncated shoreline at left.
Nice rich colour too, with those vivid reds and blues.
Unfortunately, I think the figures on the water (can't quite tell what they are) slightly detract from the image, because they are too small owing to the WA perspective.
But I'd be happy to own an image like #1.