ISB Application

I've almost completed the ISB application - essays are in review, recos are done. However, I have a strong feeling I should opt for round 2 on this one. There are some logical reasons and I always trust my instincts.
The logical reasons are two. First, I read in one of the forums that the Admission director of ISB encouraged re applicants to apply in round 2. Second, applying in round 2 will give me more time to take my decision on ISB. Third and minor one is that I get more time to work on my essays.
To be honest ISB is not my top choice for several reasons. It however is a something I'd be happy to go to and will look forward to getting through.
My story of ISB reapplication is that 2 years back I applied for ISB in round 2. I could not complete my essays properly till the second round date hence submitted not so good essays. Also, my GMAT was very low for ISB. I never asked for feedback as it was embarassing even to ask when I kinda knew what the answer would be.
I have another day to take my decision. Today I'm looking at the other school websites to see what are the next dates I need to hit. Its such a tedious process and the wait for results feels never ending.
I wish the results would come out sooner and I also know when I get the admission there is another long path to walk. The journey is never ending, different people enjoy different parts of it.