If you, or your father, can afford both a university education PLUS a CPL/ATPL course, then you're a very fortunate young man.
For mere mortals, one or the other would be adequate. If you want to fly, really want to fly, then do it now, not in 2012. Either enrol in a school tomorrow or try the RAF.
If you want an University education, wait either until you need one due to redundancy or do what I did and wait until you're 45 and use the Open University! Although an adequately graded pass in Physics is merely something to hang on the wall rather than any practical use!