If there could be a third option perhaps, of a super slimmed down version like in Vivaldi.
And when you need to close a tab, you will need to click on it to make it an active tab and then a 'x' pops up in the middle of the favicon for you to click again to close it. See images below.
For some reason, when taking a screenshot, it doesnt capture the 'x' that displays when you you hover over the active tab favicon. But I hope what im trying to say is still clear.
