@ suntech - Thanx for the offer, but it turns out I won't be needing the LD audio after all. I have been doing LOTS of research on the matter and according to :
http://forum.lddb.com/viewtopic.php?t=1897&p=24841
AND, especially this:
http://forum.lddb.com/viewtopic.php?f=32&t=517&hilit=The+last+of+the+mohicans

the consensus is that the R2/R4 audio is the SAME as the Laserdisc transfer.

@ Andrea - Thanx for the private e-mail session and the help there;o)

@ ALL - Finally, after a nearly 70 hour (!) encoding time, the video is complete and I now have 10 screenshot comparisons to share with you wonderful people (all in the same link) :

http://screenshotcomparison.com/comparison/84555/

For this second encode, I managed to properly de-interlace the video and applied the REAL 35mm film grain at a slightly higher percentage rate where, now, I'm happy with the way it looks.

Within the next couple of days I plan on taking the DTS-HDMA audio from the BD and re-cutting it to fit this Theatrical Cut. Granted, there will be about a minute or so of audio from the lossy 5.1 sourced from the R4 DVD (due to a couple scenes being cut from the BD edition) BUT nearly all audio will still be from a lossless source and re-encoded back into lossless DTS-HDMA. I will still include the 5.1 audio sourced from the R4 DVD, but my aim is to provide the best video AND audio possible for this release. I know that there were a couple sound FX that were changed for the BD release, so I will have to go through it VERY carefully as I want to retain ALL of the original audio, using the lossless audio as much as possible.

As always, ALL comments/suggestions are welcome ;o)