To me, the first one looks like something a Mexican drug kingpin would pull his gold plated 45 out of...but maybe that's just me.
I like the second one, but I'm kinda with Bart in that I'm not a fan of leather holsters in general. Edit : But I've never had a 200 dollar custom holster either.
My choice us on looks alone. As far as the gun not fitting properly, is there any kind of return policy? Probably not because it's being custom made, but for 250 bucks I'd like 100 percent accuracy.