Personally I like the awkward silence version, but that works pretty good too. The only thing that makes me favour the Youtube cut is that it's more original--there's a lot of "name games" in the Ridiculous Menace, and the awkward silence was unexpected and novel. But it's hard to judge one way or the other, the thing with running gags is that they either get funnier each time they are used or they just become more repetitive and boring, but it's impossible to tell without seeing the full film. What seems repetitive when dished out in 30-second clips can be hilarious when integrated into a 2-hour+ cut, and vice versa.
Nice seeing new work either way. :)