Opinions: Warranty papers or better condition?

[Tubeguy]

Hey there

If we were talking about two Rolex 4 digit sports watches, about the same year. Both are 100% original, have nice dials, hands, and bezels.

One of them has papers or even box and papers, but the bracelet was quite worn with moderate stretch as was the rest of the watch.

Or

One with a bracelet with very very little stretch and a watch that simply looks like it's had less use, including the inner back case having only one service marking.

What would you tend to prefer?