[Q] Factory Reset?

I have a stock LSZ Note N7000 with philz touch recovery... I am not 100% sure but I mostly have the emmc brick bug.. I have decided to Factory Reset it and flash a new rom (As the rom installation procedure asks me to do so).. So my question is can I safely Factory Reset from Phillz touch Recovery.. And ..Which of the 2 following rom is better..

http://forum.xda-developers.com/show....php?t=2115167
http://forum.xda-developers.com/show....php?t=1906396