I'm watching the Focus Film version now...
You know, it really doesn't look bad. It really looks pretty good. It may have been remastered from a video tape, it has some smears, halos, and blurs I associate with VHS tapes, but it looks vastly better than any VHS tape I've ever seen.
Concerning those screen captures... Those look as they would on a high resolution computer monitor. They do not look like that on an American television set. I'm sure the captures are accurate, but the Focus Film version looks much much better on my TV than in those comparisons. TVs are low resolution and hide many flaws.
The 5.1 soundtrack mix is excellent. There's a little bit of hiss in the background, which could be support for the idea that the source was a video tape. The EQ is excellent. The stereo panning is minimal and functional. We aren't talking BWS Othello here. This still sounds like the original soundtrack, though somewhat enhanced - and not changed enough for my money to damage the film. Really, there's very little different in the stereo mix and I like how it sounds. I never even noticed the birds twittering in the background during the balcony scene (between K and the Inspector) in the Milestone version - but they sure as heck are tweeting in this version.
We've been beating this version with a stick for awhile, but it is honestly decent.
AND!!!!!!! The BEST THING!!!!!!!!!!!!!!! There is NO OVERLAY! I do not have to zoom back on the DVD player! The picture proportion is perfect at full screen. This is the ONLY DVD I own that gets this pretty essential factor right.
Sto Pro Veritate