A top third requirement for a scholarship is probably too tough. See if they'll be a little more lenient, and that could maybe make sense.
Can't address how the schools would play in your country. But I imagine it's a non-issue. Maybe .. just maybe ... Davis gets whatever minor edge might exist.
As for me: I realize Davis at sticker is a gamble. But between some personal savings, my fiance's (hopeful) earnings and the prospect of the federal government's payment reduction/loan forgiveness program, I'm willing to take the chance.
Davis is a good school, and you would generally have better California job prospects than with a degree from Pepperdine (but less so, of course, than California-job-seeking grads from Stanford, Berkeley, UCLA & USC; luckily, it's a big state). But I don't know if I could say that it's worth sticker for most people who confront the decision.
The bottom line, though, is that if you truly want to work in California, you need to choose between Davis and Pepperdine. ... Have you been to Dallas? It's not for everybody.
Never been to Dallas, googled it, and the weather seems horrible.