Personally, I would search for Job #3 that pays me somewhere between Job #1 and Job #2, but works the hours per week of Job #2, during the day.
Job #1 is (to me, personally) way too many hours for not enough money. I wouldn't work those amount of hours period, but I certainly wouldn't even consider that amount of work hours per week for that amount of money.
Job #2 is an overnight shift. I won't work overnight. You'll be sleeping during the day, so family time won't be a priority and everyone I've ever known who works night shift jobs, tend to wind up being incredibly unhealthy.
But that's just me :)