Hmmmm....
If I were you, I think I'd forego either of these options and save up for a more traditional color jacket/waistcoat in either lovat green, Highland green, bottle green or a perhaps a nice estate tweed. A blue jacket might work, but you don't see those worn as often as the earthier tones.
I think the light gray is too light and, as the owner of a charcoal jacket/waistcoat, I find that I am MUCH less inclined to wear it than others as it tends to be a bit dressy for most daytime events (think Highland games) but not quite dressy enough for a more formal occasion. Better to have something that's really what you need than to get something that's tolerable because it's a good deal.
You might even consider something along these lines:
I'll be curious to see what you end up with.
Cheers,
SM
Shaun Maxwell
Vice President & Texas Commissioner
Clan Maxwell Society
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