The VR-01 is exceptionally clean and well swept. I love the slightly concave nose, it's a really nice touch. The livery is laid out in a nice way in that it is more like traditional blocks of colour rather than a slapdash of paint or incohesive stripes.
The F112 isn't monstrously ugly but it does nothing for me. No car from that year does. Something very innocuous lets it down; the TV cameras attached right to the front of the nose cone make it look really ugly. If they were further back like on the VR-01, it mightn't be so bad but stepped nose is stepped nose. This was also the start of the time period where the rear ends became increasingly tucked in, giving the cars muffin top appearances to me, like a big, bulbous vase.
However, it is great to see two uncompetitive cars in the running for best-looking. It didn't quite pan out that way in the previous decades with the exception of the Jaguar R1.