I'd go with the Second one since the shading looks easier on my eyes, I like this revamp so far as she looks more like her own creation. There still a few things that are off I hope gets fixed; the boot on her left leg and there needs to be bit more shading on the cape and gauntlets' blades.
wowowow its great but please put a Smart pallete ok?
Smart palette making - it is very hard progress. It needs a lot of time. So I recommend to use first a regular separation of colors.
I agree with Angelus_Silverhead smartpalette is hard work and she does not have many uniforms to need variations in the palette, but already color separation helps a lot to make palettes and she needs more shadows on the black parts and the cape. try use this colors base is better they black for make shadow and after you finish you made the black palette. [You must be registered and logged in to see this image.]