Jonathon,
Alternative #1 is in my view a bit on the heavy side. I used Odyssey III of the same weight for the 20sqm sail of my Frøken Sørensen (Story 1 and 2). In light winds I felt that the sail struggled a bit with filling, in particular for the first half hour after having been stowed for a few days.
On your smaller sail I think that the 135g/sqm polyester cloth sounds promising, if it not of very stiff material. By ensuring that the edges of the sails are strong, it is unlikely that this cloth will cause any trouble when cruising. What is the displacement of your boat?
The nylon spinnaker cloth would be my first choice for dinghies and for daysailing with sails up to maybe as much as 20sqm. I would then be careful to use a sail cover when leaving the boat.
I used some sort of light nylon (weight ?) on the 10sqm sail for my dinghy, Broremann (Story 1 and 2), and the panels inflated in the lightest winds, and never gave any trouble.
Good luck with your project!
Arne
PS: look up Broremann on YouTube