As someone who has seen and has both “Gigers Alien” and the version 1 workprint, I would be really interested to see this. I have tried - badly - to upscale and re-encode both versions mentioned above. Would be nice if OP would write a guide (for the rest of us) on how he accomplished this feat. Although, given that his last activity was in 2015 - that hope is very slim.
If anyone has a link to either download or watch this much fabled V2, if you could drop a link or PM me, that would be great!