I have the Japan LD, and it's the same print. Mystery white fleck in the corner and all. I didn't spot any censoring, but I'll look the next time through. The subs are below the actual image, so they could be masked out.
Screening the 16mm has been delayed to to the bulb blowing out in the projector and not being able to find a replacement locally. Did find a bulb on Ebay, and waiting for that to show up. Some days I just want to bang my head on the wall when this stuff happens.
My CLD-D704 was shipped back to me unexpectedly. The repair shop was supposed to notify me and give a tracking number ahead of time. Lucky I was home at the time! I haven't had time to carve out some space for it in my already crowded A/V setup, so unboxing it will have to wait a while.