Contrary to the above, the obvious answer is do both? I can't believe you need to spend 60 hours a week to get 64, so use some of your spare time to get those applications in.
Obviously to not get the 2.1 is a massive disadvantage, so get it. Similarly, to come out of uni and sit on your hands for a year waiting for 2016 schemes makes no sense.
All of that said, 20 applications is not bad (if done properly). More that I did. So don't feel you have to send off 100 fully customised applications.