I prefer the first (more sky)... but can't say why. The eel grass adds an interesting texture to #2, but it does distract from the overall effect, I think. I agree with Bitter that having the tip of the mast at the horizon line takes away from the shot.. that was the first thing I noticed. Personally I feel that having some of the mast in the sky would be better, as it would tie the three main items (water, sky, and boat) together. Love the concept though, and they are nicely shot. Reminds of the shots of seagulls done for Jonathon Livingston Seagull, by Bach. Conveys that sense of vast empty space, loneliness, desolation even....