I went option 2 but in a public hospital. My ob was incredibly supportive and was also happy for me to go overdue as long as I wanted as long as bubs was ok. The hospy too was happy for me to vbac2 but I needed to dilate all on my own as they wouldn't give me any drugs to help bring in increasing labour.
I was unsuccessful in my vbac2. The middies were awesome and trying so hard to help me progress. I cant fault them at all. The only thing I wished I could have done is labour at home for as long as possible before going in but because I had that v@ginal swab turn positive they said I had to stay as I needed to have antibiotics. The middies and the doc attending said that if I hadn't had the test they would have been happy to send me home to labour.
I think I would have progressed better if I could have labored at home and then when I was ready then go to hospy.
So I guess to answer your question a home birth isn't for me but I would have been more then happy to labour at home in my own space.