Rankings differential is negligible (if you were talking Brooklyn Law or Fordham, it would be another matter). Where to go then will depend on other factors. Do you want to live in NYC? Long Island? Let the environment guide you.
I second that. After spending a substantial amount of time looking in the area, the number one factor for schools within a marginal spread should be where you feel comfortable. If you like the city, you're obviously better off there. Hofstra isn't horrible, but housing can be somewhat tricky and it's not all the easy to get to the city (for the love of god don't try to drive, but then again, that's anytime you're headed to NYC).