If I'm picking between the two, I would actually go with the larger raised as I think it would look better on my head (not just how it is in pictures). However, I think agree with some others, if you did a mixture of the two, the one on the left with a raised logo, that may be the perfect hat for this particular purpose. The raised logo just gives it a bit more depth and looks better IMO.
Regardless, you know I'll rock whatever. ๐