On another note, I don't really share the opinion that the original "Here Comes the Flood" is overproduced, although I'll admit I haven't listened to any alternate version.
Here is the version from Robert Fripp's Exposure album:
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Here is a solo piano version from a Kate Bush special:
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I find the starkness makes the song more haunting, but no less powerful. The booming drums and guitars are just too much for me in the studio version. My guess is that Peter himself preferred starker versions as this how he has mainly played this song live ever since.