Dude that doesnt sound like bad life at all and actually the island life as I know it. A bit of outdoors, a bit of social, a bit of everything.
On terms of where to live..Yeah Palma has more hussle but also more city quircks which is aa good question if you want yourself to get into that?Regardless.. dont leave there man!
It's a good life, just got to spend it around the right people (or be alone!).
There will be more quirks living in the city, but with a beach at the bottom of the road and it being only 20 mins to a host of other (better ones), I'm sure I could cope :)
Deffo not leaving just yet!