That is confusing because the director's cut was released in 2002, so it doesn't seem old enough to have some of the features that this broadcast has. I understand what you're saying about this channel's having pan-and-scan versions of almost everything they broadcast, but I don't understand the hissy mono, nor the presence of the same caption as the ABC TV cut.
Perhaps this is simply a different TV cut, or perhaps the director's cut somehow pre-dates the DVD release Regardless, I would definitely be interested in having a look if TServo2049 is willing to share it.