This second version on the Blu was a try to restore the theatrical version, especially the colors, by Scorsese. But somehow he/ they didn’t.
In the opening scene the theatrical version runs longer for about 70 sec (the long version adds another 30 or 40 sec), but Scorsese put only 20 sec back. I have no idea why?
Instead the so called Rising scene, which should be cut out, was expanded.
And even the easiest thing to fix, the wrong closing music, is still the same.
Nothing of that destroys the film, but it is odd that such a famous film, which was already re-released on numerous discs, is still not available like it was released in 1968. Also not in Italy.
Same problem btw with GBU.