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These are the points to remember, there are people who have done well from both the places, so you would not be badly off no matter which one you choose.
There is not much to choose between NALSAR and NUJS to be honest right now. Faculty are comparable, so are the VCs now that OVN has replaced NKC at NUJS, placement is close enough to be similar, location-wise NUJS will have advantage over NALSAR. NALSAR had kept its batch strength steady though for some time, so things would be stabler there.
2. NALSAR has been very good, and its students are quite sensible folk. Smart students, as you'd expect. Well represented in the law firm world and in other career paths, too. Recently been going through a period of institutional decline after VC change.
3. As NLS is there, the other two mentioned unis may as well not exist. It is the best of the lot (I didn't go there), especially now. It is the best of all worlds: good students, good institutional administration, excellent faculty and a VC who is a genuinely good academic. And yes, NUJS is (and will be for a while) "10x worse than NLS", to use your framing. Anybody who doesn't realise this has a problem in their lives and needs to hang out with their friends more often.