Hi Dave,
Thanks for the analysis of miles earning potential. From that, it's apparent that I'd lose airmiles going with another OW FFP, so AAdvantage it is.
As for lounge access, I'll wait and see if I begin flying enough to (re)earn it, as if I don't then it probably doesn't justify buying membership. Also, I'm a bit of a budget traveller (astronomy PhD travelling to telescopes & conferences) who loves a freebie, and lounge access would be less sweet if I had paid for it!
Cheers,
Dave