My two births were completely different. 1st was 7 weeks early c-section due to amniotic sak leak. 2nd was successful induced vbac at 42 weeks, cord around his neck twice, meconium, and level 3 episiotomy.
I would't feel bad about things thinking that you've missed out on anything. Labor is hard, often long, and comes with it's own set of possible dangers to yourself and the baby, just as a cesarean does.
I opted for the vbac because my recovery from my C was long and I had residual pain the entire 2nd pregnancy. My doctor was very frank with me about the potential dangers of the vbac and made me understand that she at any time during my labor could decide to operate if she saw a need.
I think the only reason that my vbac was successful was because I was actually in light labor that morning. But I was only dilated to a 3, and the baby had not dropped because of the double nucal. Fortunately, most of it went well and he was out and healthy, within 4 hours of starting the pitocin.
Every delivery is different. Having had 2 C's you know what your risks are. Follow your own intuition - but make sure it is your own. Everyone will have strong opinions on both sides which may seem to sway you. Be sure your do what you feel is best for you and your baby.
My strong opinion, take it our leave it: a home birth is not an option for you. If anything goes wrong you will need to be next to an operating room. Death of yourself or your child is not an option, so don't put yourself in that possible position.
There is a chance that you won't even go into labor on your own. After two c-sections, your body may not be able to figure out what to do. Inducement is not recommended for vbacs because the strength of the contractions is harder on the uterus than natural labor.
Possible options at the hospital: a room with a hot tub that you can relax and warm up in prior to your water breaking, delivering on all fours or squatting instead of on your back, no IV so you can get up and walk around to speed things up and get the baby down lower, music birth therapy or hypnobabies - I know a few who swear by these methods.
Best of luck either way. I would love to hear how it goes!