For me, these are two of my favorite '80s ballads. I know, there are a lot of great ones, maybe my favorite, "I Remember You" by Skid Row. But these two seem like they defined the mid to early '80s ballads.
I prefer Love Song, but I always felt it was somewhat apart from the 80's hair metal power ballads. I really felt like all their stuff was a bit different in that way. More substance, less fluff.
Skid Row, "I Remember You" is my all time fave hair ballad. "Wasted Time" is also an amazing rock vocal performance by Bas. That is an AMAZING performance for that type of tune. SR was my fave popular/radio rock band of that era and, listening back to them, they were WAY heavier/dirtier/punkier than most of their peers who actually had mass success.