It seems a bit small to carry the volume of that wall and is not working with the wide spacing of the sconces. It also is leggy and towers above the sectional, so the visual balance is not working either. Try using painter's tape on the wall to tape out a "mock-up" of something that is 75% as wide as the space between sconces, but no higher than the highest part of your sofa back from the floor. The piece could be a credenza or even a bench, perhaps one that matches the material used in trio of columns there on the left. Above it you need a tall vertical piece of art that is no wider than 75% of the piece below it. Try the two deer in the center of your dining table and the other pieces on the coffee table.

For me its the first or third one, I think having a contrast with the curves of the other sofa is good!

What a lovely home you have... here's another option that would look great above your dining table... The fabric shade will defuse the light and create a subtle ambience. You can adjust the chain so it fit's almost flush to the ceiling. L'amour 8 Light Double Chandelier in Pleated Shade - Grey Also agree with adding some accent lighting once you have the furniture ready, it will definateley create a relaxed and cosy atmosphere.

I'm going to say Peninsula as there's more worktop to work on, but it was a very hard decision! But if the L shape had a circle table, I'd probably choose that one.