If you can't raise the bridge, lower the water.

The point is that you may not have to make a choice here. I can't say for sure based on the photo, but you're there. So, start thinking.

Can you modify the bracket and pull it higher on the bridge? Would that help?

Can you flare the fender there, and would that help?

If the issue isn't only local, is there a wider fender that would solve it?

So, before choosing between two options, check whether there's another.