So here is where I’m at with V2. I wanted to keep the length between 2:20 and 2:25 still so it still resembles a real Star Wars movie that could be released in theaters. I’ve made quite a few changes, but I’ve still only increased the runtime by 2 minutes. It now sits right at 2:23 (was 2:21).

Added back in a portion of the scene with Leia running through the woods. This introduces us to Lola earlier on, and also gives us a little of her personality from the beginning.
Trimmed the scene on the landing platform when her cousin arrives, it now just cuts after Bail’s last line.
Removed the second half of Leia roasting her cousin. It’s cute, but it kind of bothered me that she destroyed him so eloquently as a 10 years old. The “lower lifeform” line now appears to be enough to offend him.
Removed the first scene of Leia on the kidnapper’s ship, and replaced it with the one where Lola tries to help her escape and gets damaged.
Removed the scene of Obi-Wan digging up his saber and Reva being revealed to be behind the kidnapping. I decided we could find that out when Kenobi does.
Added back in the little fight scene before Kenobi rescues Leia, so he has a reason to be bleeding for the next scene.
I didn’t add in Reva explicitly stating to put a bounty on Kenobi, but Kenobi does see the bounty hunters receiving his image. It can easily be assumed that this is part of the GI putting the planet on lockdown, and fills in the logic gap of why Haja suddenly recognizes Kenobi.
Added a few shots of Reva on the rooftop before Haja shoots the bounty hunter, just to establish the geography and show that she’s up there.
Removed the second half of the conversation about Leia reminding Kenobi of someone. It now ends with “I’m not stubborn!” “Yes you are”
Added back in Kenobi fixing Lola and explaining how the Force works.
Removed Reva’s scene with the other Inquisitors where she explains she spoke to Lord Vader. I’ve already removed most of the competition between the Inquisitors, so I decided to go all in.
Added back in the scene on the bus with the Stormtroopers, with a few trims.
Removed the bit of Obi-Wan reading the message about “The Way” in the hideout. I don’t think it adds much, and he has that nice moment with the sabers and cloaks on Jabim that sort of accomplishes the same thing. The scene flows better without it.
Some trims to the end of the fortress escape to make Wade’s death not as big a moment, as we don’t really know who he is. There’s still a reaction to it, but it’s not made to be as important.
Cut Obi-Wan’s line to Owen about how Owen and Beru are the only protection Luke needs, as that feels like it directly relates to the cut scenes with Reva.
Fixed the “Circle In” transition into the end credits.
Removed Ian McDiarmid from the credits.

This updated version will probably be ready to go in the next couple of days, once I nail down the audio.