I like #2, but would like to see it made up without the little photo.
I don't think it adds much. In fact its vivid color compared to the bride steals attention from what I'm guessing is the main image.
The original Ad (#1) went in a wedding flyer. My intent in the newspaper and other places is to switch up the photos. For the paper ad that I am working on now I will change the little insert to a Bar Mitzvah photo, just have not picked which one yet.
Another reason I'm leaning to #2 is I can put a vertical in the inset as well.