I'd go for the RN because, a lot of things can change with waiting lists. And the LVN route doesn't guarantee advanced placement either.
My school had a two year waiting list but, they've increased the class size substantially so, a friend of mine got bumped up one semester on the waiting list just because of that.
Other people were able to start a lot sooner if they were willing to sign contracts with hospitals who paid for the extra slots in the program. And, other people simply got tired of waiting and went elsewhere ... which opened up other slots. So, I'm not absolutely sure but, I think they're down to one year now.
But here's the thing: the LVN route can cause delays also. I don't know how it works in other programs but, in my program, you've got to take an additional transitional LVN to RN course.
AND, you have to pass the challenge exams to save any time in RN school. This can cause unforeseen delays because there's no guarantee you'll have only one year of RN school as an LVN.
While most LVN's (although not all) passed the first exam that allowed them to skip the first semester in my program, most didn't pass the second exam and had to repeat 2nd semester.
Out of seven LVN's in my class, only two passed both challenge exams and were able to go straight to 3rd semester. So ... depending on how you do on the challenge exams, that's yet another delay.
Especially since they only let you take and/or retake the challenge exams a couple of times a year. If you don't pass a challenge exam, you can't retake it right away. You still have to wait for the next semester exam.
At that point, you might as well repeat the semester anyway since it makes no difference in your graduation schedule. Because if you do wait for the next semester exam, you also risk failing the next time and falling even further behind schedule by yet another semester.
So ... with all of these unpredictable factors, I'm not sure you save much time with the LVN route. And it could actually delay your RN graduation date even further.
If you're trying to save time .... I'd apply to every RN program I could and go with the first one that takes me, even if that means commuting. After you get past that first semester bottleneck, it's a lot easier to transfer to a program closer to home because people inevitably flunk out.
There are three people in my class who did just that.