Yes, and you don't provide any relevant information. With the information I have, I say: Both are rubbish, the lesser rubbish is probably the variant with smaller windows.
Then I'll stick to my recommendation. Raising the window will be too complicated. The roller shutter box probably goes up to the ceiling? Photos are really helpful. How much is the new window supposed to cost? The option stands or falls with that.
Unfortunately, I can't provide photos (yet). Of course, we want to solve it properly, but still as cheaply as possible. That's why I wanted to hear here roughly what I should budget for a reduction. You need a new window, need a mason, and probably have to replaster outside...