Which gaming PC is better?

I'm after some opinions on which rig is better for gaming. I've norrowed it down to two and I have no idea which is better for the price since this isn't my domain.

Option one is the option I'm leaning more towards since it's watercooled:
Price: 650



Specs:

CPU: i5 4690k Quad core processor overclocked to 4.5 GHz
CPU Cooler: Corsair 100i 240mm AIO Liquid Cooler
RAM: 16GB Corsair Low Profile 1600 Mhz Memory
Motherboard: Asus Z97 Pro/AC Wifi w/7.1 Surround sound audio
GPU: ASUS STRIX GTX 960 OC 4GB VRAM
GPU Cooler: Kraken H12 GPU Adapter with a corsair H155i V2 280mm Cooler + VRM cooling fan
Case: Fractal define S with tempered glass side panel
PSU: Corsair CS650M 650W Semi-Modular power supply
120GB SSD
NO HDD

Extras:
CableMod Vertical GPU mounting kit
CableMod White sleeved cable extenstions
CableMod AIO tube sleeving in white
NZXT Hue+ RGB Lighting controller with 4 LED strips. Software controlled LED lighting with lots of set modes and customisation modes.
2 Corsair ML120 MagLev LED fans

Included spares:
2 Corsair High Static pressure fans
Original Acrylic Side Panel
Motherboard accessories
Various unused parts for coolers etc

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Option two:
Price: 600