You will do contact damage on opening, not closing, the
switch. A snubber network may limit the voltage rise on
opening, to below arc voltage and minimize that.
Personally I'd go with the power MOSFET because you
may later take an interest in the dynamics of short
circuit protection (esp. looking at what the output
response to a momentary short is - overshoot being
more widely destructive than the short-event itself,
perhaps, and the loop being possibly wound up to the
point that normal stability analysis does not predict
the behavior).