I should've clarified that for #1 it's less a case of "I think Masai & co would do this." and "this is what I can see people claiming is the impetus to mak that sort of trade from a Raptor perspective." It's not the kind of thing I can see management doing unless they think that this team is not going to be salvageable in its current form and this is essentially step 1 in a multi-step process to remake the team around Scottie/the 7th pick/other guys who largely aren't Pascal/Fred/OG. But I don't believe we're at that point yet.
For #2 it's something that would probably suck in the moment but I would come to accept it. It would essentially be a (much, much, much) lesser version of the Kawhi deal where it's a big swing for the fences with noteworthy downside but huge upside that would be difficult to obtain elsewhere.
EDIT: It's also worth noting that option #2 would probably require a bigger, more expensive trade to take place because Ayton has a $16m QO for next season and is likely in line for a max-type deal. Moving out OG at $17m would make a fair amount of space for that, but just based on eyeballing it they would still need to make up another $12m-$13m of space, only about $6m-$7m of which would come from cap space. So they would need to find a way to shuffle other salary out the door. Also I don't believe this includes the need to renounce any cap holds on pending FAs for which they have Bird Rights because the figures I have don't have those cap holds listed yet (possibly because it's too soon after the end of the season for them to be set up? Or the site is just behind in its updates).