I really like the 1st one still with your alternating colors. And if you wanted, on the last pic you showed a square in a sq. you could do that for another round after your ribbon. It looks great whatever you decide. I'm sure you will love it. Not sure if you have to worry about that much shrinkage, looks like you bought pretty expensive fabric for this quilt. I know some fabrics just shrink more that others but I have found that usually more shrinking is in cheaper fabrics, just my experience. I've never had a quilt shrink that much Mamahen, I can understand, you must have been just sick.
Snowing like crazy here, started last night about 7 and don't think its quit. Have a customers quilt to get on the table today so don't have to go out in the cold. I pray we will have a summer soon.