In the interest of having you enjoy a long relatively pain free bowling life I would suggest option 2. Considering that your pain has gone from intermittent to constant you may be doing permanent damage to your wrist.
With modern bowling balls it's not really necessary to have a huge amount of revs. Unless you plan on challenging Belmonte or Rash to a game or two I wouldn't worry about maintaining a lot of revs.
A friend of mine who actually competed when bowlers still had to really work hard and 'hit up' on the ball for a really effective hook, wound up with severe wrist problems, to the point where he could only play one game without a brace and then only one more with the brace on. After working with his ball driller and trying a number of changes to his grip, he has been able to change his delivery to one that allows him to compete again in leagues and PBA regionals.
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