I have included a few Links below that discuss the pros and cons of taking the foreign earned income exclusion and the foreign tax credit:
https://www.expattaxcpas.com/utilize-foreign-tax-credit-take-foreign-earned-income-exclusion-form-11...
http://www.goldinglawyers.com/international-tax-lawyer-foreign-tax-credit-vs-foreign-exclusion/
http://www.escapeartist.com/blog/pay-zero-tax-to-the-us-with-the-foreign-earned-income-exclusion/
