Re: which game do you choose
If you are the better player you want loose players to be in too many pots where they are quickly commited (by betting too much and bloating the pot too quickly with weak hands). If the preflop raises represent a large part of the effective stacks they should probably play a lot tighter than normally. If the preflop raises are this big you are effectively lowering stack sizes (forget blind sizes, it's about the size of the pot).
It's never very profitable to play tight, shortstacked players. So it's better to choose the bigger game that allows more postflop manouvering if they are tight and vice versa.
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