And now, only 3 years later, my thoughts on Night 2:

Set 1: Probably the more fun of the two Set 1s from a pure song selection standpoint (although my favorite bit of either Set 1s is Rock & Roll Part 2), featuring an absolutely searing BBFCFM, very nice versions of Divided Sky and Foam, and the surprising bustouts of Cry Baby Cry (which has never been seen again) and Nellie Kane (which has). You could stick this first set onto a Summer 2012 show and nobody would be the wiser.

Set 2: Opening with Sabotage (my God, Trey has to work to sing this song; imagine how Adam Horowitz had to feel singing this damn song every night?), the band kicks into one of their wilder set-long Mike's Grooves. A growly and low-key Mike's Song gives way to Simple, and this is one of the most famous of Simples (IMO, the most beloved version between Vegas '96 and Dick's 2014), a utterly gorgeous version that doesn't stray too far beyond Simple's boundaries but serves as the finest version of the "usual" Simple jam (actually, it reminds me a bit of Hydrogen in how relaxed and delicate it is). The rest of the set doesn't have much to speak of, although that Free -> Ha Ha Ha -> Free is weird enough to hear at least once, and the Weekapaug is played at 300 mph like it's 1993 all over again or something. The encore is as charming as you would expect from the description.

Final thoughts: I'd said Night 2 is better musically, but it's really just because of the Simple, a gorgeous jam that's well worth seeking out. I don't know that either Hampton '98 show is anybody's favorite once you've gone past the neophyte stage, but they're definitely worth breaking out if you want a good ol' time with The Phish From Vermont.