which bible?

I am thinking about getting a new bible, been debating between the "Life Application bible" (Hardcover) or (Burgandy leather bond) and the "Study Bible" Personal size (hardcover), both NIV and by Zondervan. Here are my considerations:

- version: NIV for sure
- Christ's words in red
- not too big (but I understand that most study bibles are bulky)
- prefer thumb indexed (these are not that frequent in latest editions for some reason, very useful)
- maps and explanations..
- I like the "study bible" due to the amount of extra material and information contained within. However, I heard the "Life Application bible" is more applicable when you do personal studies and is good for trying to relate to your daily life tasks.

so for folks who has experience with either one of these, can you please let me know about the pros/cons of each? and what your thoughts are?

thanks in adv..