I have added back shots and scenes in such a way as to not mess up continuity etc. I think of this first version as an extended version of the director's cut. This is the version that is my personal preference.

I like this concept.

I personally don't have any strong preferences for removing dialogue that is out of place. I think it might be best if this was implemented in the second version with the Alternate Intro and Faerie Dance. Which is what ZakDrizzt originally was interested in.

I like the idea of using your first version of the film as the starting point for the second version (which includes the original intro and fairy dance) without any other changes.

I almost feel that what ZakDrizzt is interested in would be a third version of the film.

Here's how I see it :

Version 1 : Director's cut (Extended Version)
Version 2 : Director's cut (Extended version) with original intro and Fairy Dance
Version 3 : Either of the above versions with ZakDrizzt edits

The question is, do you want to keep making different versions of the film? :-)

I'm more than happy with the first two versions.

Just my two cents.

Sean