I personally can't see Towel getting near the first team and he should be the one going out on loan while JFC takes the next step up after a good loan spell at MKD.
I haven't seen enough of Towelll but get the feeling that CH doesn't rate him if not he would have made more appearances on the bench.
For that reason I would rather keep JFC and loan out Towell. The problem as mentioned by others is that JFC probably doesn't fit into a 442, that said not too...