Laser, fantastic stuff! The colour correction was great, and I loved the removal of Indy's-pants-ripping, as well as those damn CG monkeys! There won't be one CG critter left in your finished product at this rate, and that's a very good thing!
Also, I thought the pacing of the 'wows', said by Mutt and Indy after Mutt swings into action, was much better than in your previous cut of the jungle chase, and seemed 100% natural - you wouldn't realise that a cut was involved there, at all. And, did you shorten the interval between Mutt standing on top of Indy's jeep and Mutt getting caught up in the branch? That was brilliant! It seemed really clumsy before, but now the pacing never slows down, and the chase carries along very nicely!
I have only a few suggestions:
1.) Are you going to restore the missing nozzle-flash to Spalko’s gun just after she shoots at Indy, Mutt and Marion in the jeep, in the brief shot where we cut back to Spalko in her jeep afterwards (she continues to fire briefly, but there is no flash at the end of her gun).
2.) Is it possible to cut straight to Mutt grabbing the handle of the sword he finds in the jeep, rather than first trying to grab the blade, which seems plain stupid on his part (especially as it was revealed earlier in the film that he was an accomplished fencer/good with blades - he should know better!).
3.) Also, I completely agree with a previous poster that it would be better to cut out all instances of Mutt doing the splits – this cut could possibly be made, from when Spalko cuts his face straight into him falling down onto the other jeep. Even athough in your edit Mutt doesn't get stupidly hit in the crotch, him still doing the splits continues to seem farfetched and silly, in my opinon.
Finally, with regards to cutting out Ox saying 'Henry Jones...Junior!', I'm neutral either way, but if it had to be dropped, couldn't you remove that whole scene (the close-up of Ox)? Before that scene, there is a close-up of Spalko, and after it, there is another shot up-close at Spalko's face - could these two before-and-after shots of Spalko around Ox's scene not be spliced together, like you have done with other scenes in the jungle chase? That way, you could completely remove Ox's 'Henry Jones Junior' line, and it may actually improve the pacing, with things starting off much faster.
Brilliant stuff though, man!