captainsolo said:

I'm seriously thinking that the most immediate way to address the original films is to do a GOUT V3 styled project designed to get the most out of the flawed DVD image, overcome the transfer issues and add LD PCM audio.

Well, judging by the wonderful results of Andrea's The Thing project, couldn't the same technology be applied? The main issue of the Lowry transfers is the color timing; even with their whole controversial degrain-regrain process, there's more detail than the bitrate starved and badly compressed DVDs (probably worse than the GOUT in some ways).