Euld, I have totally avoided making that choice despite a watchful of WAY beyond university level.
Do you... actually NEED to make the choice to get anything else at this point?
Also, It appears that Ronald's plant is, indeed, the crappiest!
I am now level 2!
You need to make a choice to be able to go on a voyage of scientific discovery, as well as to start the glim sculptor storyline (a quest that gives you access to a fate locked questline involving the rubbery men and flute street).
That said, the changes are fairly minor, you as your desision marks the end of stuff to do at the university no matter what option you take (well there is still some minor stuff, but its really rather unimportant and irrelavent).
The big effect is that if you choose to frame the innocent person, you get two points of connected the masters (which is extremely rare and hard to get). If you choose to tell the truth, you won't be able to get Collated Research optimally (until you do a ton of work in the voyage of scientific discovery).
In other news, I finally completed the Case of The Fidgeting Writer.
In my latest run through I had only 10 deja vu's (the starting level result you get from tales of horror), despite that, I got extreme luck, not losing more then a average of 1 per stage, ending up with 1 Last Hope of a Fidgeting Writer (which I turned in for a night whisper), and two Lenses of Black Glass (one of which I traded for items, and the other one finished up the storyline for me).
Extremely lucky indeed.
So, on that run I got about ~500 echos worth of extremely rare goods (two of which can be gotten no other place, and two of which can only be gotten in a single place, and are almost impossible to get even then without using up hundreds of actions to make sure) for about 50 actions and ~50 echos worth of goods.