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Good point on the safety. This will come into play when choosing an aftermarket stock. If you are going to go with a pistol grip type stock like the KNOXX then the 870 IMOP works better because it's on the rear of the trigger guard behind the trigger. So you can have grip when engaging or disengaging the safety. A more traditional stock the tang safety on the 500 works great because it positioned on top of the gun just above where the stock is attached. So that you can maintain grip.I have had the same 870 for over 15 years now and I'm very happy with it. I have a short barrel (18.5") that lives on it and I have a long barrel I can switch out for hunting.
Recently a friend of mine bought the 500 and he's very happy with it. I used his a little and it was very similar to the 870.
I would say one of the main differences to consider is the safety. It is very different and you might prefer one over the other. My friend really liked the safety on the Mossberg and that's why he went with it.
Both shotguns seem to have plenty of aftermarket support.