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The main reasons for going as far to the animal welfare side as I did:
-I suspect there are more unexplored opportunities to have an outsized impact on the animal welfare side due to neglectedness.
-The scale of the problem is very larger (~100 billion lives a year in meat production, and that's not even the entire problem).
-The meat eater problem plays a part as well. If you save someone and they go on eating meat, that could have a negative impact as well. However, this line of argumentation might be a can of worms.
Global health still has some weight due to:
-Global health is targeted at poorer populations who generally consume less meat.
-The reduction of disease/poverty can have some instrumental value (cynical, people not dying => ++productivity => better lives in the future)
-Of course, reduction in poverty/disease is good in itself too.