Flow meter wire length isn't critical as these meter circuits are basically "on/off" at uber low bandwidth (like a couple of hundred Hertz, tops).
fwiw, I run SwissFlow SF800 meters with their original length (100cm) cables plugged into an interface panel on my keezer, which is then cabled another ~4 feet down the back to the IO panel of my control system located in the keezer's dolly, and then another ~foot of wire to get from the IO panel to the Alamode atop the RPi that runs the show. So figure at least 8 feet of wire per each of six faucets, and they have all worked perfectly for going on 10 years now.
So either solution would work. I'd go with the one that's easiest to maintain
Cheers!