The Complete Novel is seen as a novelty style release and not a “Lucas-y” replacement. Coppola allowed the release of theatrical version of Apocalypse Now, so he’s above that type of thinking. The reason there’s a HD master is because when the film plays on television, they will have the original theatrical version instead of an extended version. The same can be said for other Warner releases like Robin Hood: Prince of Thieves, Woodstock and JFK. All of these are available for streaming in both their theatrical and extended versions to stream.
Replacing the Warners logo is about the only noble thing you’d have to do, since the Blu-ray edition of the film screwed up having the modern logo, despite Coppola’s original commentary stating it’s the Saul Bass logo.