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Just try them both, at any point of time you can sell one ship, get all your money back and buy another.
But yeah I would get a Titan if there is enough money to buy and outfit it with 3-4 Haul drones + MPU+ everything else you need for it. Its a great mining ship and wont take long before it starts to turn a profit.
Cothon is more or less a smaller less competent version of the Titan imo.
Yeah, you are right, man, my bad. So much for my 60 hours in this game)).
Cotton is smaller, makes sense to fit with 90% efficency production module, not nearly as much storage as K225, so the dives are much shorter. I spent some time with it, but now i dont really like it for the truster setup, it was less than ok with the "triple main engine" mod, and regular versions are really meh for me now. I think my K255 is actually more maneuverable :-)
Cotton with a big scoop is funny, and there is a version with some crazy "adaptive\configurable" cargo hold, but i never tried that one.
Also note that full K225 setup if around 5mil, and Cotton is ~2.5mil.