I really like the MFN compilation - it does have some gems in there. I was listening to the version of Telegraph Road last night and it is my absolute go to version of this song - the re-mix that was done is really good to my ears - its kind of a live / studio hybrid version, crowd noise much more isolated to the extent in some quiet bits sounds like they are not there at all. The snare has so much attack that when the drums kick in at the start it takes you aback. Can't help thinking things like the congas and brooding synth low in the mix are overdubs but I like it for that.
It also leaves you wanting more...think about it, for all these years we've been yearning to hear what actually happens post fade of PB. Commercially it is very clever in this regard - sends you off wanting to find the full length versions... in the case of Portobello Belle some are still on that quest to this day.
I completely agree with this point of view and you reminded me of how curious I was to hear what was after the fadeout of PB live on the MFN compilation, and in fact, it became a saga for me in the early 2000s, until the day I bought a Bootleg with one of the nights in Paris 83, 06/22/83, which contains the precious PB version from 15:30, that left me in a state of ecstasy as a teenager.
Even before that, the same thing happened to me with TR remix live on the 88 compilation, only after I got to know the end through Alchemy (I first got to know TR live through the MFN compilation). Anyway, those were times of discoveries that had such a positive impact on my soul, it was always so good to compare these songs, WTYTG demo with the more polished version under study, the interpretation, the timbre... all of this still captivates me today.