I voted option 2 because by not showing up you essentially have a loss by forfeit for SP1 and a win by default for GTI1 was impacted but since there wasn't a fight, the NC should be documented. In terms of ranking, I think that the NC should serve as a "tiebreaker" for the team that caused it. Meaning that 1-11 would be ranked higher than 1-11 (1 NC). THW might be getting their ass kicked but at least we show up for our fights.
I wanted to vote for the NC just not counting toward the record, however I don't think it would be fair as the rankings become skewed for both teams and SP1 is already being punished by losing their 5th member.