I've only seen this version and it has to be said, if you haven't seen it either, you're not missing much. Admittedly the version I saw looked like it had been transferred from a VHS tape twenty times over, but what bad visuals couldn't hide was just how bad this pilot was.
It's strange becasue most of the script is familiar - jokes and ideas from a bunch of Red Dwarf episodes stuck together, but based mostly around the episode 'The End' as you'd expect. The whole thing falls flat, yes it raised a few laughs, but only because I knew the jokes beforehand. The studio audience whoop it up like they're getting paid.
Craig Bierko is an odd choice as Lister, but not as bad as most people make out, at least he puts some pathos into the scenes where he talks about his plan and rescuing the cat - but part of that has to go to the writers. Where the casting really fails is Rimmer - he's really bad and it can't help but remind you how good Chris Barrie is. The guy playing the Cat seems ok, but it's not easy to judge from his limited screen time. The only person who comes in right on the money is Jane Leeves as Holly, but then she gets dumped with a most horrible epilogue scene that is super cringeworthy.
Robert Llewelyn reprises as Kryten and despite putting in his usual good performance, does over do it a bit. All in all you can't help but be thankful they never got this up and running. Still interested in seeing the Terry Farrell as Cat version.