I am a pilot, so I can't speak to the specifics of being a FO, but I can say without a doubt in my mind, that being in a sqd and going flying even on the worst day beats the hell out of being a SWO. Never would I give someone the advice of going SWO, got a friend who is IN port now after getting back from deployment, he is still working 18hr days (yes he is an officer).
I will say though that early on there are more leadership opportunities as a SWO vice an aviator.