A very interesting thread!
A decade or so ago I was in a very similar position and ended up chosing ups over swa. FDX has several provisions that are even better than ups so I'd imagine if I were in your shoes back then I'd have picked fdx over swa.
I'd have been happy at swa too but so far I haven't regretted my decision for all the reasons mentioned here so far. I guess the day I retire I'll know for sure.
Too bad this question can't be posted on both fdx and swa threads to get more responses from current swa pilots. Many PAX pilots never read cargo threads (and vice versa).
Congrats on having such great choices. Good luck to you no matter where you end up..