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I have a slight preference for #1. The other three can all be improved by kerning the "Te" pair to reduce the space between the glyphs. Any decent app will have a control that will allow you to adjust the spacing when you place the cursor between a pair of characters. It's on the Character panel in Photoshop and on similar panels or toolbars in Illustrator, Corel DRAW, and the like.
I also agree somewhat with GERGE that the serifs on the font used for the white text are too thin for this use. I have a general dislike for razor thin serifs in general, though. I like a good Garamond, but rather dislike the ITC Garamond, and Garamonds are a bit different in appearance compared to the font you've used in these samples. You might look for a slab serif font that is more similar to the font you've used but that has thicker serifs.
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