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I have been baffled by too many opinions about which is a good round to apply. The deadlines for the first round are past or nearning for most schools. It would be great if you can share your thoughts on applying in the second round. While I understand that aready a good number of people would have been taken in the first round thereby leaving fewer seats for those applying in the second and third round. However I felt it was worth applying in the second round as I wasn't really satisfied with the quality of my essays and felt I should give them some more time and thinking.
I am not Hjort but this topic is always presented at admissions events for all the schools. They all say R1 and R2 are very similar in difficulty but, R2 has far more applicants so take that for what its worth. One advantage of R1 is if you are waitlisted you have a longer time to try to gain admission.
Remember it is better to wait until R2 than to try to rush a R1 application.