Re: Which play is worse?
The fold in the BB is worse.
From the other perspective, since it's more fun to think about winning money than losing less of it:
It doesn't matter if you know players have a hand or don't have a hand you're really only going somewhere with 94o if you flop a monster anyway. Might as well take the 19-1 odds rather than the 9-1 odds.
In either case you can trap everyone in between you if you really flop a monster, but the early position vs. the preflop raiser adds the option of attempting to narrow the field with a bet expecting a raise from UTG. Seriously minor consideration though.
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