If it were our job, we would talk the customer out of the smaller sign with the hours on it and go with just the restaurants name. The majority of successful restaurants don't advertise their hours on their main sign, and there is a reason for that. I'd even drop the "homestyle cooking" or at the very least really downplay that part. This way you have much more room for just the name and less additional content to confuse passers-by. A sign like this isn't a business card or a yellow page ad, it's a "here we are", "this is what we are called" statement, any other information about what type of restaurant this is should be portrayed by style and feel of the design. In other words, for a sign like this, less is more. Perhaps the hours would be better suited on or by the entrance. That is generally where people look for that information anyway. Just my 2 cents.