My cutlist for FOTR is light, and removes extraneous Aragorn scenes, as it really should be Frodo’s story. In particular:
-Remove the Midgewater Marshes scene and Aragorn’s song, since it doesn’t move the story along and is one of the rare places where the exposition seems forced.
-Remove Gilraen’s Memorial, since it focuses unnecessarily on Aragorn. Also, a nitpick: his hair makes him look like Medieval Jesus.
-Return the Pass of Caradhras to the Theatrical version, since the added shots are unnecessary and look out of place.
-Remove The Great River, with Boromir and Aragorn arguing. The story should be rushing towards a conclusion, not stopping for a nap.Other than that, perhaps there are a few scenes with only an added shot or two that would benefit from a cut.
I agree about Midgewater Marshes being cut. I was planning on not using it. And I also am planning on cutting the memorial scene. The pass of Caradhras will be theatrical as far as I know and I was also planning on not including the night rest. Does not add much and slows down story like you said.
How do you feel about Two Towers? I am keeping a good half of FOTR extended scenes but as for Two towers, I am thinking of not using too much of the extended at all. And I will soon have to sit down and give the extended ROTK a watch and grasp my feelings. I have a feeling I will like most of the extended ROTK footage.