I never got the specifics of the deal as I wasn't interested.Were you told straight up you'd have to convert to SELRES? The guys in my squadron had the option to convert to FTS (to be honest, I thought they were already 1317s, but I may have that wrong). Both opted to go do other things and become SELRES, but my understanding was that it was sold to them as an option to continue active duty in some flavor.
My buddy sufficiently impressed his first VR that they worked to keep him past the two years and then got him in to FTS to continue his career of skating, sucking up good deals, shooting hoops with CNAF, and flying all manner of VR airframes (C-9s, C-40s, and Gulfstreams).