Ask HN: Need to decide between technical vs. managerial role, how?

After a longer stint as an AI tech lead, I've recently received two job offers. One role is a team lead position which is mostly managerial with a small component of hands-on technical work and the option to transition from tech into product dev at some point. The other one is a senior technical IC role (except for some mentoring), though a bit less senior than the other one. Both roles require the use of cutting-edge technology and I can see myself being happy and successful in either.

I'm currently thinking through which role is best for my career, short-term and longer-term. Because I enjoy both types of work and compensation is similar I'm struggling to identify a differentiator to make the decision easier. If anyone has found themselves at a similar crossroads or the benefit of hindsight or knows of decision-making frameworks that would be helpful, I'd really appreciate it.