They would get both,just strip Britain of everything.
No they would not because they (France and Spain) did not have the means to take effective control of everything.
Let’s kind of do the math.
Since The 13 colonies rebelled most of all (although of course not only) because of the proclamation line and the Quebec Act, there needs to be a compromise between the allies on North America.
This compromise could be that France gets back all today’s Canada, plus northern Maine and northern Vermont and the north part of today’s New-York State and the right bank of the Ohio river and all the territory east of a strip on the left bank of the Mississippi River, which would be a better than what they had before the 7 years war.
They may obtain Jamaica, which will be a tough loss for Britain.
They may obtain some kind of divide of India into 2 influence areas, basically Britain retaining northern India and France regaining southern India.
Ireland may be freed from British occcupation and turned into a close French ally/protectorate.
France will be able to obtain the end of Britain’s veto to France gaining control of the Austrian Netherlands, which may allow Austria to trade the ANL in exchange for French agreement and support to Austria’s taking control of Bavaria at the precise time when there was a Bavarian succession to settle.
There will be the end of the asiento, too.