@ S_Matt: Now you've done it. You actually made me howl with frustration, because your post started so well and then it went down from there.
S_Matt said:
Some say that only the final version of the film with all the effects elements baked into it should be cleaned up.
I say that only the final version with all the effects baked into it is the final version and therefore is the only version that can be called a preservation.
I say, if you got as many separate elements as you could and reassembled the film you could do a far better job restoring the film to a pristine state.
No, you could do a far better job enhancing the film.
The definition of a term isn't always an exact one.