First Rum Recipe

[Capt StrongStout]

So I have been all over the WWW doing a lot of reading on rum. So far I have found my favorite sipping rums (El Dorado and Ron Centenario) are either Demerara based or molasses based. Since I have no dunder I figured I might as well try something and see what happens. Now that brings me to my question and ask for advice.... What are your thoughts suggestions on the two recipes below for my 10 gallon wash.

20# of Demerara
20oz of blackstrap molasses
10 gallons water
8oz fermax

AND

20# of Demerara
1 cup honey
3oz of bakers yeast
10 gallons water
8oz fermex