...you'll definitely get more wear from the Rolex. Then again you have to ask yourself what you want...is it a SS bracelet? What are your other options, if any? Does it have to be a Rolex? What about a black or white Explorer II at 42mm? What about a GO Sport Evo? What about a Blancpain FF on bracelet?
Personally, the 292 doesn't say much to me, I'd flip it for something else.