Therefore if I was spiritually inclined then reincarnation, or if I was a little more masochistic, metempsychosis would seem to be more plausible.
Why would metempsychosis be more masochistic than reincarnation? They're essentially the same thing, with the only difference I've noticed is that metempsychosis explicitly includes the possibility of returning as something other than a human which not all conceptions of reincarnation do. To me it would seem far more masochistic to be continually experiencing life from the same human vantage point rather than experiencing the wider variety of vantage points that metempsychosis would offer.