There are really three sounds you are dealing with:
1 Mic direct into Babyface Mic Pres only.
(Sound is BFP Mic pre only)2 Mic into ISA and then into Line inputs of BFP
(Sound is ISA is Pre only)3 Mic into ISA and then into BabyFace Mic XLR inputs
(Sound is two Mic Pres in series) Sound for versions 2 and 3 will probably be similar due the presence of the input transformer of the ISA in both these cases.
Gain or distortion overload etc is not an issue with any of these setups, it is a matter of sound. The smart thing to do is try all of these on exactly the same source and listen and use your ears. Make sure the final playback levels are identical for all three.
There is a nice input transformer on the ISA so it is possible you will like that sound. But remember transformers introduce a form of distortion no matter how you look at it. Judging by the size of the Babyface I doubt there are any input transformers at all hence it might be a slightly more pure and transparent sound. So for some that is actually a superior sound.