Look, in my mind we first go all out for Pep. We're a giant club. The most famous in the world, and we shouldn't undersell ourselves. We can spend enormous amounts every summer and Pep will give us that edge in terms of pulling power. He's the best right now IMO and that's what we need. Also, I don't think we're all that far from winning the league. I'd be very confident of that happening if he joined, and so should he. For me, the worry is more about whether we actually try our best to get him. If we do that and fail, then we'll tough luck, but it is for me a no brainer to try and get the best manager on board.
If that then doesn't work then in the summer I'd look at the other alternatives. I like Carlo Ancelotti but I'm not totally convinced he's miles better an option than everyone else. More proven yes but I'd like to see us also review the likes of pochettino and other promising managers. Especially if he gets top 4 this season. Fact is, other managers from the younger lot will become top managers at some point so if someone like pochettino or tuchel or anyone else who isn't as big a "name" might join the top bracket soon, I'd consider them. And then make a call.
So yeah, for me, it's pep and then judge the rest of the pack with Carlo being the mode proven but others also considered.