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Hotel Choice - Lebua State Tower (Silom) vs. S31 Sukhumvit

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My boyfriend and I are going to Bangkok in mid-July and we already booked 3 nights at the S31 Sukhumvit. However, we just found a great deal for the Riverview Suite at the Lebua State Tower in Silom. The final price comes to around the same (~$30 total difference), both include breakfast, both have large rooms with kitchenettes (Lebua has a stove as well) and both have pretty good reviews, although Lebua has more reviews than S31. So here's my dilemma:

1. Which area is better? We are only in BKK for 2 days and we will be jetlagged so location is key.
2. Any personal experiences with either hotel would be great. Obviously, I've read the reviews on Fodors, Agoda, Tripadvisor etc - but any other thoughts from fodorites would be helpful.
3. Is there a reason that Lebua is so cheap? It's coming to about $85 a night and seems to be worth a lot more than that. Some of the reviews seemed to indicate that they need to lower prices to attract customers - has anyone stayed there who has personal experience?
4. S31 is fully refundable where as Lebua is not - is that something to consider, considering the recent riots, in case we want to skip BKK entirely in our trip?

Any help would be great!
Thanks

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