I have a family to consider
This is the information that really changes things.
Of course it does. I have so many other factors to consider due to the fact that I have a spouse and small child. My spouse must work, my child must go to school, I need to have a job market at my disposal, and I don't necessarily want to uproot everyone again after 3 years of law school.
The need to counterbalance the prestige of a T14 with the needs of my family is a driving factor in my decision. I don't think a T2/T3 will be any less challenging, academically- in fact I'd be tempted to take the T14 because I've heard (anecdotally) that the grading curves at the lower ranked schools range from mildly frustrating to positively draconian. At T14s, everyone is banking on the school's reputation and while it's hard to get a group of 200 competitive Type A personalities to slack off, everyone seems to be more generally relaxed about what awaits them after graduation.
This is probably most evident at Yale...even if you graduate last in your class, you went to Yale- the very best law school in the country, by someone's measure and reputation. (And yes, I know that Yale doesn't do class rank, but it's an example- I'm sure the Yalies know exactly who's on top and who's the class goat, even if there's nothing official to quantify it.)
Then again, I'd almost rather be in the top 10% at a smaller school than in the bottom half of the class at a T14...because the class rank (against a competitive curve) might speak volumes to an employer about academic ability and tenacity.
So many things to consider...oh, now I wish I were a trad with perfect stats...
lots of people are probably tied for last at yale since there are only basically 2 grades