I would recommend both areas. For a 3 night backpack trip I would probably do Mt Assiniboine as there is more to do for day hikes around there.
Are you thinking of tenting or staying in cabins because there are cabins at Mt Assiniboine and a shelter at Egypt Lake. Just depends if you want to haul a tent out there or not. If you camp you can stay at some different camp grounds around the area. If you start from the Mt Shark parking lot, you can stay at Bryant Creek campsite or shelter before going up to Mt Assiniboine or stay at Og Lake campground the next night.
Really can't go too wrong though.
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