RoL, definitely. The FoF parads is just the regular 3pm parade at MK. You can get a great view by getting a spot at the bottom the train station steps. Besides, you would have to eat a Tony's, which is not that great.
On the other hand with the RoL package you can eat at Tiffins and RoL has limited seating. The Tiffins package can actually save you money if you order some of the higher priced apps and entrees. And way better food than Tony's