I agree that OOT + newest GL edit would do away with most of the grief.

I'd be annoyed if it were OOT + 97SE + 04SE + BluSE +etc

Some of the changes are truly so painfully dumb, poorly executed and based on an insulting premise I think there there would be residual bad feelings about "preserving" each awful iteration.

If Lucas wants to keep taking whacks at 'updating' or 'improving' Star Wars releases, I can go with that - in addition to the original movies! It's kind of cool for a director to go back and say 'this is what I would do if I were releasing the movie now rather than 30+ years ago.' That is different from this nonsense:

George Lucas said:

There will only be one [version of the films]. And it won't be what I would call the "rough cut", it'll be the "final cut". The other one will be some sort of interesting artifact that people will look at and say, "There was an earlier draft of this."

No telling when that one version will appear. Lucas leaves a trail of "artifacts" like discarded trash. Once the pretension is dropped, I can go along with OOT + GLOT. For historical purposes, sure save the various scene changes as special features material (which I suppose can be branched into the movie to watch it various ways, even if I think it's tedious).