Would you choose Singapore Airlines Business Class or Air India First Class?

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I'm looking at flying from Melbourne to Delhi early next year using KrisFlyer points.

On the day I want to fly, there's Singapore Airlines availability in Business Class for 100,000 KrisFlyer points. There's also Air India availability in First Class for 142,500 points.

The AI flight is direct; the SQ flight is via SIN.

The AI flight arrives at 3am, which is possibly no big deal as I'd then want to catch a 6:20am flight to Nagpur.

Which would you choose?

Same question for the return flight -- should the new AI First lounge in Delhi make me lean towards AI First for the return trip?

(SQ First Class is also available, but at the higher "Advantage" rate of about 250,000 points).
 
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