If you look very closely at the top ship, you might notice that the upper decks are stepped back. That would require swinging the boats way out to get them over the water.
There is an advantage to having the boats closer to the water; they don’t have so far to fall.
Boats should be launched as soon as sinking becomes a possibility. Waiting too long may make it impossible to launch some if the ship lists heavily, or goes down sharply by the head.
Modern lifeboats are often self-launching; dropping into the water rather than being lowered from davits.
The boats are on approximately the same level on both ships. The “old†arrangement didn’t work all that well for Titanic.
As for the upper decks flooding later: That usually happens after the ship is on her way down. The upper decks do not contribute to the buoyancy.
Sometimes, if you give some thought before asking a question, obvious answers might occur to you.