First one mate, definitely. The equipment on it is a much better standard, being an aluminium frame it won't be rusted, and having a lady owner it is far less likely to have been thrashed. The wheels also look good quality.
As already mentioned, the ergos (brakes and gear shifters combined) are worth a fair few pounds and are standard in terms of shifting, replacing the older down tube levers on the second bike!
Get some pedals and a mans saddle and away you go. Frame size will be fine, get the seat up and give you a nice position.
Finally, the second bike isn't worth 195 pounds!
That's a great bit of info on that bike cheers! I noticed the wheels looked to be in good condition, I forgot about changing the saddle so ill do that and add some pedals if I win it. About what you said about the second bike, well that's quite a relief as its right at the top end of of my (tiny) budget! think I was convinced by the price and nice paint job that it would be worth that much :p
I should have added though that for 250 you can pick up some really nice bikes if you bide your time. Don't go mad bidding on the first ones you see.