If I'm looking for love: definitely the former. I'd much rather endure the hardships of a long-term, distant relationship if it's with someone I share a deep connection with, than feel as if I'm settling for the "potential" just because they reside closer to home.
Honestly though, if time being of the essence were key to this situation, I'd give the guy closer to home a chance. I'd look into whether or not he's worth it over the distant guy.
Regardless of distance, I'd feel tempted to lean more on the guy with whom I have the deepest connection.
...does that help at all?
